10769 Woodside Ave., Ste. 206 — Reported Site of Fraudulent Charges
A Las Vegas man who owned a Santee trucking company pleaded guilty this week to running a credit card “bust-out” scheme that stole the identities of nearly 100 people and caused more than $2,103,000 in losses to two banks before he fled the country for a year and a half. Hasan Korkmaz, 45, admitted to all 18 counts against him, including bank fraud, money laundering and aggravated identity theft, in federal court in San Diego.
The case followed an investigation led by the Federal Bureau of Investigation, according to the U.S. Department of Justice. The prosecution was handled by Assistant U.S. Attorney Kevin Mokhtari and Special Assistant U.S. Attorney Katherine Rookard. As reported by Townhall, Korkmaz owned and operated San Diego Logistics Group Inc., and some fraudulent charges were made at the company.
How the Bust-Out Scheme Worked
A bust-out scheme typically involves opening credit card accounts in other people’s names, building up trust with prompt payments, and then maxing out the lines without any intent to repay, Townhall’s report notes. Prosecutors say Korkmaz used names, dates of birth, Social Security numbers and other personal information belonging to real people to open numerous fraudulent accounts, then charged those cards for thousands of dollars at businesses including his own trucking company…