From October 2013 through November 2013, Ford tried to fraudulently obtain a $2.5 million loan from a New York-based lending company using the stolen identity of another individual, who at the time was a NBA player and resident of New Jersey.
Ford created fraudulent documents using the victim’s name. She also forged or caused to be forged the victim’s signature on multiple documents, including a Merchant Agreement between the victim and the lender, an escrow document providing that the $2.5 million loan would be deposited into a bank account controlled by Ford, and a power of attorney document appointing another individual involved in the scheme to serve as the victim’s “attorney-in-fact” for banking and financial matters. Those fraudulent and forged documents were submitted in support of the $2.5 million loan application.
The wire fraud charge carries a maximum potential penalty of 20 years in prison and a $250,000 fine, or twice the gross gain or loss from the offense. The aggravated identity theft charge carries a maximum potential penalty of two years in prison, which must be served consecutively to any other prison term. Sentencing is scheduled for March 4, 2020.
Georgia Woman Admits Using NBA Player’s Stolen Identity in Scheme to Obtain $2.5 Million Loan: Annie M. Ford was charged with one count of wire fraud and one count of aggravated identity theft after attempting to use an NBA player’s stolen identity to o… https://t.co/WSHsakb7cB
— FBI Newark (@FBINewark) November 19, 2019
A wire fraud charge carries a maximum penalty of 20 years in prison and a $250,000 fine. An aggravated identity theft charge carries a maximum penalty of two years in prison, which must be served consecutively with any other prison term.
Ford’s sentencing is scheduled for March 4, 2020.
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