Loan Broker Pleads Guilty to ID Theft
The Mortgage Fraud Blog reports Chun-O Kim, 45, Edgewater, N.J., a loan broker, admitted to stealing identities and fraudulently obtaining commercial loans and credit cards for personal profit. Kim pleaded guilty in U.S. District court to one count each of conspiracy to commit bank fraud; possessing 15 or more unauthorized credit cards with intent to defraud; and aggravated identity theft. Kim was arrested on September 16, 2010, in a coordinated law enforcement take down of 53 individuals in connection with widespread, sophisticated identity theft and fraud.
