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Saturday, June 01, 2019

8 residents of Los Angeles' San Fernando valley arrested in check-kiting scheme that allegedly defrauded banks out of nearly $1.5 million


LOS ANGELES – Federal authorities this morning arrested eight people named in a federal grand jury indictment that alleges check-kiting schemes that used hundreds of altered Armenian passports to fraudulently open bank accounts and steal nearly $1.5 million from Bank of America and Wells Fargo. A ninth defendant in this case is currently being sought by authorities.

The investigation led by U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) found that the defendants obtained genuine Armenian passports issued to other people, altered the passports to include the photos of the defendants, and used the fraudulent documents to obtain other identity documents and to open bank accounts at the victim banks.

The 36-count indictment unsealed today alleges that the defendants used the bank accounts, which were opened in the names that appeared on the altered passports, to write bad checks to other fraudulently obtained bank accounts. The defendants allegedly exploited bank rules that allowed them to transfer money from one account to another, and then to immediately withdraw funds at ATMs in Las Vegas casinos and other locations before the checks bounced.

The indictment alleges that the defendants used 331 fraudulently altered Armenian passports to steal, or attempt to steal, $1,556,336 from Bank of America. They actually obtained approximately $1.12 million.

Three of the defendants were also charged with perpetrating a similar fraud scheme against Wells Fargo that resulted in a loss of approximately $370,000.

The defendants arrested this morning are:
  • Ara Malkhasyan, 48, of Winnetka;
  • Smbat Khechumyan, 38, of North Hollywood;
  • Sveta Khechumyan, 45, of Winnetka, who is Smbat’s sister and the wife of Malkhasyan;
  • Harutyun Petrosyants, 30, of Van Nuys;
  • Artur Harutyunyan, 34, of Encino;
  • Khachatur Chobanyan, 38 of Van Nuys;
  • Jivan Hakhnazaryan, 49, of Van Nuys; and
  • Arman Grigoryan, 37, of North Hollywood.

The ninth defendant in this case – Artak Okhoyan, 29, of Burbank – has agreed through his attorney to surrender to federal authorities tomorrow.

The defendants arrested today are expected to be arraigned on the indictment this afternoon in U.S. District Court in downtown Los Angeles.

The indictment charges all of the defendants with conspiracy to commit bank fraud, a charge that carries a statutory maximum penalty of 30 years in federal prison. Additionally, all of the defendants are charged in at least one substantive count of bank fraud and aggravated identity theft.

During this investigation, HSI received substantial assistance from the Los Angeles Police Department and he Los Angeles County Sheriff’s Department.

This matter is being prosecuted by the U.S. Attorney, Central District of California’s Major Frauds and General Crimes Sections.

6 comments:

  1. Northwest Woodsman: As one who observed crime in this country from the late 50s and early 60s, I have to say that each year, more and more crimes are committed by foreign national immigrants to our country. Large percentage of criminal behavior is not committed by native born Americans but by people with names like these perps. The comparison of the quality of life between the 1950s and today is heart breaking. I resided in the Worcester and Wicomico county areas from 1949 to 1963 and do not recall a murder, shooting, robbery, or any violence in our schools. Can’t say that of today’s circumstances. Back then, there was little immigration and particularly immigration from countries with different cultures from our own. The Immigration Act of 1965 initiated these problems and Marxist democrats were primarily responsible for its passage. They saw it as a way to gain voters.

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  2. it is rather funny that banks have not yet put a stop to such a simple and ridiculous fraud.
    check kiting ?
    in 2019?

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  3. Look at all those Amerian names. NOT!! We need to close our F'n Boarders and deport anyone that "immigrated" to our country and breaks laws while they are here.

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  4. Any real Americans in this group?

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  5. I thought checks cleared much more quickly nowadays so there wouldn't be much time to "kite" a check like people used to be able to do easily.

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