New Jersey Woman Charged In Fraud Scheme
PHILADELPHIA- An Indictment was unsealed today charging Katrina Taniesha Waters, 32, of Williamstown, NJ, with a fraud scheme involving $536,044 in loans that she obtained using false information to several different banks, announced United States Attorney Zane David Memeger. Waters was arrested this morning. According to the indictment, Waters applied for fraudulent personal loans, credit accounts, and automobile draft loans, and used falsified identification, employment, income and tax information, as well as false sales and vehicle documents, including fraudulent vehicle identification numbers ("VINs"), to obtain the loans.
Waters applied for loans from Police & Fire Federal Credit Union, Navy Federal Credit Union, Philadelphia Federal Credit Union, American Heritage Federal Credit Union, Freedom Federal Credit Union, and Susquehanna Bank. The indictment alleges that she provided the financial institutions with fraudulent information about her income and about the purpose for the loans. For example, Waters and an unnamed conspirator set up an account for a fake auto dealership. In October of 2008, Waters applied for a $25,000 loan from Police & Fire Federal Credit Union to purchase a 2008 Chevy Tahoe, using a fake certificate of title, false VIN, and auto lender documents from the fake dealership. Police and Fire issued the funds made payable to the fake company and Waters withdrew the funds before the fraud was discovered. No vehicle was purchased with the loan.
If convicted the defendant faces adivsory sentencing guideline range of 81 to 95 months which includes a mandatory term of 24 months for aggravated identity theft .
The case was investigated by the U.S. Postal Inspection Service and is being prosecuted by Assistant United States Attorney Michelle Rotella.
UNITED STATES ATTORNEY'S OFFICE, EASTERN DISTRICTof PENNSYLVANIA
Suite 1250, 615 Chestnut Street, Philadelphia, PA 19106
PATTY HARTMAN, Media Contact, 215-861-8525