Narek Marutyan, Racketeering and Multimillion-Dollar Fraud, New York 2023

Grimy Times has learned that Narek Marutyan, a 33-year-old Brooklyn, New York, resident, was sentenced to six years and 10 months in prison for his role in a multi-year, coast-to-coast credit card fraud scheme run by a racketeering enterprise referred to as Pure Armenian Blood or P.A.B.

Pure Armenian Blood was an organized criminal group operating under the direction and protection of an unindicted co-conspirator, a vor v zakone, or Thief-in-Law, of Armenian descent previously based in Los Angeles before being deported in 2018.

Marutyan, a leader of the P.A.B., orchestrated the group’s various illicit activities, including the use of stolen personal identifying information, fraudulently opening and exhausting lines of credit, making purchases at collusive businesses with counterfeit credit cards or credit cards that were fraudulently opened, selling goods purchased with those lines of credit for profit, and the falsification of documents to ‘clean’ the credit of account holders in whose names the lines of credit were opened.

Additionally, Marutyan was ordered to pay restitution of $4,000,000, representing the amount of money stolen from victims in the credit card fraud scheme.

The scheme, which operated through groups of individuals, often with overlapping members or associates, dedicated to criminal aims, particularly identity theft, access device fraud, and credit card fraud, among others, exploited victims and the financial system in New York City, as well as other locations throughout the U.S. and abroad.

Narek Marutyan was previously charged with participating in a racketeering conspiracy on June 12, 2023, and pleaded guilty to the charges.

The sentencing was imposed by U.S. District Judge Victor Marrero on [current date].

Narek Marutyan, Racketeering and Multimillion-Dollar Fraud, New York 2023: Defendant Name: Narek Marutyan; Exact Criminal Charges: Participating in a racketeering conspiracy; City and State: Brooklyn, New York; Exact Date: June 12, 2023; Sentence or Outcome: Six years and 10 months in prison, plus $4,000,000 restitution.

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