David Saks: 81 MONTHS IN PRISON FOR IDENTITY THIEF

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81 MONTHS IN PRISON FOR IDENTITY THIEF

Pennsylvania Man Sentenced for Identity Theft

U.S. Attorney’s Office December 28, 2011
  • Eastern District of Pennsylvania (215) 861-8200
 
PHILADELPHIA—Anthony Iacono, Jr., 60, of Rutledge, Pennsylvania, was sentenced today to 81 months in prison for fraudulently obtaining over $2 million in cash and real and personal property, announced United States Attorney Zane David Memeger. Iacono pleaded guilty to wire fraud, credit card fraud and aggravated identity theft charges on August 19, 2010.
 
Judge Bartle described the actions of the defendant as committed with a “depravity of heart and mind.”
 
Iacono fraudulently obtained over $2 million in loans secured by properties owned by his parents and other family members using fraudulent powers of attorney and credit cards in the names of relatives and businesses owned by relatives.
 
To obtain the credit card used in the identified credit card transactions, Iacono used the victims’ names, dates of birth and Social Security numbers without permission. When he failed to pay the loans, his family bore the brunt of the lenders efforts to recover their money.

In addition to the prison term, U.S. District Court Judge Harvey Bartle III ordered forfeiture and restitution in the amount of $2,098,000. There was no fine imposed because the court found the defendant without means to pay one.

The case was investigated by the FBI and is being prosecuted by Assistant United States Attorney Pamela Foa.

Courtesy FBI

 



David Saks



Time&Temp Memphis

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Comment balloon 2 commentsDavid Saks • December 29 2011 05:40PM

Comments

David -- even though he gets off without a fine -- the $2,098,000 in restitution is good to see!  How can anyone do this to family?  WOW -- he deserves the 81 month sentence.

Posted by Steven Cook (No Longer Processing Mortgages.) almost 8 years ago

Very, very dirty swindle, Steven. I think that there is always some acute, underlying psychiatric anomaly that precedes behavior or criminal activity which threatens immediate family in such a manner.

Posted by David Saks ((retired)) almost 8 years ago

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