Glendale man sentenced to 7 years in credit card scams Daily News

A Glendale man was sentenced Monday, Nov. 16, to seven years in federal jail for working a sequence of pretend bank card and mortgage scams, the Division of Justice reported.

From 2014 to 2017, Mikayel Hmayakyan, 43, used fraudulently-obtained bank cards to purchase liquor and cemetery plots price thousands and thousands of {dollars}, and later offered them for a revenue, a division information launch acknowledged. Greater than 20 banks misplaced almost $5 million within the scams.

U.S. District Choose George H. Wu ordered Hmayakyan to pay $4,906,534, the whole loss, in restitution.

On June 29, Hmayakyan pleaded guilty to 2 counts of financial institution fraud and one depend of aggravated identification theft, the discharge stated.

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