NEWARK, N.J. – A brazen scheme to siphon off $150,000 in fraudulent loans using the identity of an unsuspecting New Jersey resident has landed a New York man in federal court. Humza Khan, 28, of New York, New York, is facing charges of wire fraud and aggravated identity theft, U.S. Attorney Alina Habba announced today.
The complaint alleges that Khan submitted loan applications around December 2020, seeking a $150,000 accounts receivable finance loan for a Florida-based specialty pharmacy where he held a financial stake. But the application wasn’t straight. Khan allegedly used the name and Social Security number of an elderly Hudson County, New Jersey man without his knowledge or consent, to mask his connection to the loan proceeds. The ruse worked, and lenders handed over the cash.
Federal investigators say Khan’s motive was simple: concealment. By using the victim’s identity, he hoped to obscure his own financial interest in the loan and pocket the $150,000. The scheme unraveled, leading to his appearance before U.S. Magistrate Judge Stacey D. Adams on July 2, 2025. He was released on a $100,000 unsecured bond.
If convicted on the wire fraud charge, Khan could face up to 30 years behind bars and a $1 million fine – or twice the amount he illegally obtained, whichever is greater. The aggravated identity theft charge carries a mandatory minimum of two additional years in prison, and a fine of up to $250,000, again, potentially doubled based on the profit from the crime.
The investigation was a coordinated effort by the U.S. Postal Inspection Service, the Internal Revenue Service – Criminal Investigation, and the Federal Bureau of Investigation. Special agents from each agency worked to build the case that now threatens Khan with a lengthy prison sentence. 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 contributed to the probe.
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 merely allegations at this stage. Khan is presumed innocent until proven guilty in a court of law. He is being represented by Zach Intrater, Esq. and Daniela Manzi, Esq.
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Key Facts
- State: New Jersey
- Agency: DOJ USAO
- Category: White Collar Crime
- Source: Official Source ↗
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