Acting U.S. Attorney Stephen M. Schenning announced a Maryland man had been sentenced to 10 years is prison for aggravated identity theft and conspiracy to commit bank fraud.
Forty-five-year-old Brian Diggs of Brandywine and eight others defrauded more than 10 financial institutions by utilizing false financial and personal information to apply and obtain vehicle loans, according to court documents.
On several occasions, Diggs and his co-conspirators obtained loans for the same vehicle at several federal credit unions. The defendants agreed to sell vehicles, received money from vehicle sales and never provided the vehicles to the buyers. They also did not pay some of the vehicle loans, results in repossession by several credit unions, as well as other financial institutions.
Diggs and his co-conspirators utilized false Social Security numbers, addresses and other documents to obtain the loans.