Tenafly Man Sentenced in International Identity Fraud Ring
A northern New Jersey man has been sentenced to two years in prison for his role in an international identity fraud ring.
Ho K. Yu of Tenafly was one of more than 50 people charged in 2010.
The U.S. Attorney's Office says the group bought Social Security cards from brokers who fraudulently obtained them from Asian immigrants in American territories including Guam, American Samoa and Saipan.
They resold the cards to Korean immigrants in the territorial U.S. who used them to apply for driver's licenses and build fake credit ratings.
Yu admitted the group used fraudulent tax returns and W-2 forms to apply for personal and small business loans.
In addition to the two-year sentence for wire fraud conspiracy, Yu was ordered to pay $3.4 million in restitution.
(Copyright 2012 by The Associated Press. All Rights Reserved.)