Former Arnold Resident Pleads Guilty To Fraud Charges
PITTSBURGH, Pa. ‑ A resident of Pittsburgh, Pa., pleaded guilty in federal court to charges of making counterfeit money, bank fraud and aggravated identity theft, United States Attorney David J. Hickton announced today.
Milton R. Nance , 52, formerly of Arnold, Pa., pleaded guilty to three counts before United States District Judge Arthur J. Schwab.
In connection with the guilty plea, the court was advised that Nance possessed and used approximately $2,000 in counterfeit money and approximately $42,282.29 in counterfeit checks during the period from Jan. 20, 2008 through August 2008. Nance also defrauded financial institutions of approximately $12,359.99 when he opened accounts and deposited counterfeit checks and then withdrew funds derived from the counterfeit checks. Nance also used the identity and identity information of another to obtain an American Express credit card and defrauded American Express of approximately $1,405.10.
Judge Schwab scheduled sentencing for April 8, 2011 at 9:30 a.m. The law provides for a total sentence of 52 years in prison, a fine of $1,500,000, and five years supervised release. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offenses and the criminal history, if any, of the defendant.
Pending sentence, Nance will remain incarcerated.
Assistant United States Attorney Paul E. Hull is prosecuting this case on behalf of the government.
The United States Secret Service, the Pennsylvania State Police, Allegheny County Police, Pleasant Hills Police, Jefferson Hills Police, White Oak Police, and Wilkins Police conducted the investigation that led to the prosecution of Nance.
