Brothers convicted in fake airplane loan scheme
Two brothers have been convicted in federal court of using stolen identities to obtain about $2 million in fraudulent airplane loans from several banks across the nation.
The Telegram & Gazette reports that Ryan Miller and Dusten James Miller were convicted Tuesday in U.S. District Court in Worcester (WUS'-tur) of bank fraud, money laundering and identity theft-related charges.
Prosecutors say the brothers, from Chicago, used the identities of other people and doctored documents to obtain loans, including a nearly $400,000 loan from Worcester-based Commerce Bank.
Authorities say they then laundered the money through shell companies, and used it to buy luxury cars and other high-end items.
The brothers represented themselves in court. They questioned some of the evidence and argued technicalities.
They are scheduled to be sentenced May 9.
Information from: Telegram & Gazette (Worcester, Mass.), http://www.telegram.com