Acting U.S. Attorney Stephen M. Schenning announced Tuesday a Montgomery County, Maryland man was sentenced to 39 months in prison for aggravated identity theft and bank fraud.
Fifty-year-old Warren Moon convinced his victims to refinance their home loans, by representing himself as a loan officer. Moon received more than $300,000 from one victim, who believed the money would be utilized to refinance a home loan. The received bogus documents, including false “pre-approval letters.” Moon utilized the money for his own personal use, according to the news release.
Moon utilized personal information gathered from the other victims to apply and obtain fraudulent loans in their names. The loan proceeds was deposited into his Moon’s bank accounts.
Additionally, Moon was ordered to pay $652,542.07 in restitution and forfeit $499,937.07.