Khan Accused of $150K Loan Fraud, Identity Theft

NEWARK, N.J. – A brazen scheme to defraud lenders out of $150,000 using stolen identity has landed a New York man in federal court. Humza Khan, 28, of New York, New York, is facing serious charges after allegedly using the personal information of an elderly Hudson County resident to obtain fraudulent loans.

U.S. Attorney Alina Habba announced the charges against Khan, who appeared before U.S. Magistrate Judge Stacey D. Adams on July 2, 2025. He was released on a $100,000 unsecured bond, a temporary reprieve for a man accused of cold-blooded financial exploitation. According to court documents, the scheme unfolded around December 2020, when Khan submitted loan applications for a $150,000 accounts receivable finance loan linked to a Florida-based specialty pharmacy where he held a financial stake.

The dirty trick? Khan allegedly didn’t use his own name or social security number. Instead, he hijacked the identity of an unsuspecting elderly individual from Hudson County, New Jersey, inserting their personal information into the loan application to mask his own involvement and pocket the proceeds. The lenders, operating under false pretenses, ultimately handed over approximately $150,000 to Khan based on the fraudulent claims.

The feds aren’t playing around. Khan is charged with one count of wire fraud, a felony carrying a potential 30-year prison sentence and a hefty $1 million fine (or twice the gross gain or loss from the offense, whichever is greater). Adding insult to injury, he’s also been slapped with a charge of aggravated identity theft, which carries a mandatory minimum two-year consecutive prison term on top of any sentence for the wire fraud, and a potential fine of up to $250,000 (or twice the gross gain or loss).

The investigation was a collaborative effort, spearheaded by special agents from the U.S. Postal Inspection Service, the Internal Revenue Service – Criminal Investigation, and the Federal Bureau of Investigation. Inspector in Charge Christopher A. Nielsen (USPS, Philadelphia Division), Special Agent in Charge Jenifer Piovesan (IRS-CI, Newark), and Acting Special Agent in Charge Stefanie Roddy (FBI) all played key roles in bringing the case to light. Assistant U.S. Attorney George Brandley, of the Health Care Fraud and Opioids Enforcement Unit in Newark, is prosecuting the case.

It’s crucial to remember that these are allegations at this stage. Khan is presumed innocent until proven guilty. He is being represented by Zach Intrater, Esq. and Daniela Manzi, Esq. But the evidence, if proven in court, paints a picture of a calculated and callous fraud that preyed on the vulnerability of an elderly citizen for personal gain. The Grimy Times will continue to follow this case closely.

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