Pakistanis Indicted in Financial Scam

Washington, DC: Six Pakistani-Americans have been indicted by a federal grand jury for mail fraud conspiracy to commit a financial scam.
Abdul Hameed, 45, of Houston, Texas; Bilal Saleem, 26, of Woodbridge, Virginia; Naim Aslam Mann, 32, of Baltimore, Maryland; Basir Chand, 43, of Springfield, Virginia; Arshad Hussain, 47, of Dumfries, Virginia; and Jawad Ahmad were indicted by a federal grand jury for “conspiracy to commit mail fraud and conspiracy to organize a continuing financial crimes enterprise, and with related substantive counts.”
The indictment alleges that the defendants conspired to devise a scheme in which they used various fraudulent identities that they controlled to obtain numerous credit card accounts, personal and business bank accounts, and mortgage loan accounts.
According to the indictment, the defendants established multiple false businesses to fabricate employment and salary information for the false identities, which were then provided to credit card companies, leasing offices, mortgage companies and financial institutions for the purpose of obtaining credit in the names of the false identities. The defendants also rented apartments and purchased properties using the false identities, and these locations were then used to receive mail from the lenders addressed to the false identities and businesses and to receive shipments of goods purchased.

 

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Editor: Akhtar M. Faruqui
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