ALBANY, NEW YORK – Allahson Allah, a 53-year-old Albany man, pleaded guilty to conspiring to commit bank fraud and aggravated identity theft, prosecutors announced today.
Between February and October 2022, Allah organized a scheme to defraud the Capital Region Credit Union, also known as SEFCU, by applying for loans using stolen identities of real people and withdrawing the money in cash. Allah admitted in court that lower-level members of the conspiracy applied for loans in other people’s names using fake New York driver’s licenses, and the proceeds were given to him.
According to prosecutors, the conspirators obtained customer account information from Caeshara Cannon, a former Member Service Manager at SEFCU, and used that information to create counterfeit checks, which were presented for negotiation at SEFCU branches. The conspirators also obtained personal identifying information of others, which they used to fraudulently obtain loans from SEFCU and then withdraw the proceeds in cash.
Allah will be sentenced on October 21, 2024, and faces a minimum of 2 years and a maximum of 32 years in prison, as well as a fine of up to $1.25 million and a supervised release term of up to 5 years. He has also agreed to pay restitution in the amount of $113,800 and to entry of a forfeiture money judgment in the same amount.
Allah is the fourth defendant in the conspiracy to plead guilty, following previous pleas by Cannon, Davon Parson, and Dnauticah Taylor-Sterman. Evan Cutler, of Queensbury, New York, is charged with one count of conspiracy to commit bank fraud and four counts of aggravated identity theft, which remain pending. Those charges are merely accusations, and Cutler is presumed innocent unless and until proven guilty.
The case is being investigated by Homeland Security Investigations, with assistance from the Bethlehem Police Department. Assistant United States Attorney Benjamin S. Clark is prosecuting the case.
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Key Facts
- State: New York
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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