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A New Yorker Sentenced in East Texas for National Fraud Conspiracy
SHERMAN, Texas – Anthony Terrell Lloyde, a 33-year-old Queens, New York man, has been sentenced to prison in the Eastern District of Texas for federal violations, announced U.S. Attorney Brit Featherston today.
On July 29, 2021, Lloyde pleaded guilty to conspiracy to commit bank fraud and was sentenced to 121 months in federal prison today by U.S. District Judge Amos L. Mazzant. Lloyde was also ordered to pay restitution in the amount of $1,339,025.37.
According to information presented in court, beginning in January 2013, Lloyde conspired with others in a scheme to use the stolen identities of unsuspecting victims to illegally purchase material goods and services, most often high-value electronics, such as iPhones and iPads, hotel rooms and vehicle rentals. Though based in New York, participants traveled throughout the United States to cities associated with the victims’ identities to avoid detection of the fraud.
Lloyde was the organizer and leader of the scheme. He purchased victims’ identifying information via the internet and directed the use of device-making equipment to manufacture fraudulent state identification documents and credit cards. He recruited conspirators, to whom he provided the fraudulent documents, and directed them to travel to various cities throughout the United States, including cities located in the Eastern District of Texas such as Frisco and Plano.
Once they arrived at their target location, they used the victims’ stolen identification information and forged identification documents to open fraudulent instant credit accounts at retail stores, such as Apple Store and Best Buy, to purchase merchandise. These stores utilize the credit services of federally insured banks such as Citibank, Barclays Bank Delaware and Synchrony. By materially misrepresenting their identities to the retail stores, Lloyde and his coconspirators were able to defraud the banks.
Lloyde typically organized the trips by determining the target cities and stores and by booking and/or purchasing airline tickets on behalf of his coconspirators. Lloyde and coconspirators typically traveled under their true identities and would often mail the fraudulent identification documents and credit cards to one another in order to avoid traveling with them in their possession. Conspirators used fraudulently obtained credit cards and forged identification documents to rent vehicles to travel during their commission of the offense.
In all, the scheme targeted retail stores that provided instant lines of credit the conspirators could exploit to immediately purchase goods.
The case was investigated by the FBI and prosecuted by Assistant U.S. Attorney John W. McGrath II.
Key Facts
- State: Texas
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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