A Glendale man and a Hollywood Hills lady pleaded responsible Monday to collaborating in a scheme by which almost $2 million was fraudulently charged in lower than a 12 months to bank cards typically opened with identities created with a mixture of actual and fraudulent info.
Mikayel Hmayakyan, 43, admitted to utilizing the playing cards to buy a whole lot of hundreds of dollars in liquor, luxurious watches and cemetery tons that had been later bought for revenue, in accordance with the U.S. Lawyer’s Workplace.
Hmayakyan pleaded responsible to 2 bank-fraud counts and one rely of aggravated identification theft. U.S. District Choose George H. Wu scheduled a Nov. 16 sentencing listening to, at which era Hmayakyan will withstand 62 years in federal jail.
Co-defendant Gayane Hakobyan, 70, pleaded responsible to 1 bank-fraud rely, admitting that she allowed others to open bank card accounts in her identify. She faces as much as 30 years in federal jail, with sentencing scheduled for Oct. eight.
Hmayakyan and others used the fraudulently obtained bank cards to buy a whole lot of hundreds of dollars in alcoholic drinks on behalf of the now-closed Liquor Spot in Glendale, the place co-defendant Vahan Aloyan, 45, of Glendale, was a supervisor, in accordance with federal prosecutors.
From August 2010 till April 2016, Hmayakyan fraudulently utilized for loans beneath an alias to acquire a Kia Optima and in an actual individual’s identify for luxurious automobiles, together with Lexus vehicles, in accordance with the plea settlement.
Hmayakyan admitted that he by no means meant to pay any bank card payments nor made any funds on the loans. He additionally admitted to utilizing bogus bank cards within the names of assorted aliases to buy plots at Forest Garden Cemetery in Glendale, which he later bought at a revenue.
The whole meant loss to which the monetary establishments had been uncovered to was $5.23 million, in accordance with his plea settlement.
Co-defendant Mikayel Hovhannisyan, 38, of North Hollywood, pleaded responsible in June 2019 to 1 rely of financial institution fraud and is serving a nine-month federal jail sentence.
Aloyan, the only remaining defendant, is scheduled for trial on Oct. 6.