NEWARK, N.J. – In a brazen scheme to defraud banks of over $2.5 million, five individuals allegedly used stolen and altered identities to obtain credit cards and make charges that were never repaid, announced U.S. Attorney Craig Carpenito on May 25, 2023.
Talat Ali Maan, 44, of Germantown, Maryland, Syed Rehman, 51, of Jersey City, New Jersey, Kashif Idrees, 36, of Germantown, Jaheed Wahed Ahmed, 54, of Jersey City, and Fatou Djambo, 37, of Philadelphia, are each charged by complaint with one count of conspiring to defraud financial institutions.
Rehman and Djambo were arrested this morning and are scheduled to appear this afternoon before U.S. Magistrate Judge Steven C. Mannion in Newark federal court. Maan was arrested in Maryland and will appear before a U.S. Magistrate Judge in the District of Maryland. Ahmed and Idrees remain at large.
According to the complaint, the defendants engaged in a fraudulent scheme to use stolen and fraudulently altered identities to obtain credit cards from banks and then use those credit cards to make purchases that they had no intention to repay, leaving the banks to bear the losses of the scheme.
The charge of conspiring to defraud financial institutions carries a maximum penalty of 30 years in prison and a $1 million fine, or twice the gross gain or loss from the offense.
U.S. Attorney Carpenito credited special agents of the U.S. Postal Inspection Service, under the direction of Acting Inspector in Charge Ruth Mendonca, with the investigation leading to today’s arrests.
The charge and allegations in the complaint are merely accusations, and the defendants are presumed innocent unless and until proven guilty. The government is represented by First Assistant U.S. Attorney Rachael A. Honig.
Defendant: Talat Ali Maan, Syed Rehman, Kashif Idrees, Jaheed Wahed Ahmed, Fatou Djambo
Criminal Charge: Conspiring to defraud financial institutions
City and State: Newark, New Jersey
Date: May 25, 2023
Sentence or Outcome: Currently pending
Dollar Amount: $2.5 million
Key Facts
- State: New Jersey
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News