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Press Release

Raleigh Man Sentenced to 120 Months in Federal Prison for Bank Fraud Conspiracy and Possession of a Firearm in Furtherance of Drug Trafficking Crime

For Immediate Release
U.S. Attorney's Office, Eastern District of North Carolina

RALEIGH, N.C. – Derrick Devon King, age 33, was sentenced yesterday to 120 months in prison for Conspiring to Commit Bank Fraud and Possession of a Firearm in Furtherance of a Drug Trafficking Crime.

According to court documents, from May 2015 through June 2017, King and others used synthetic identities to obtain credit cards and finance automobile purchases.  King and others created new credit profiles by combining their names and dates of birth with nine-digit numbers resembling social security numbers, but which had not been issued to them by the Social Security Administration.  In addition to using these new credit profiles, King and others misrepresented employment information in credit applications to make it appear they had the ability to repay loans.  King and his co-conspirators, however, had no intention to pay. 

On June 14, 2017, King was also found to be in possession of a firearm and a trafficking amount of marijuana.  He also pled guilty to that offense.  

Robert J. Higdon, Jr., U.S. Attorney for the Eastern District of North Carolina made the announcement after sentencing by U.S. District Judge James C. Dever III. The Federal Bureau of Investigation, the Social Security Administration, Office of Inspector General, and the Raleigh Police Department investigated the case and Assistant U.S. Attorney Susan B. Menzer  prosecuted the case.

Related court documents and information can be found on the website of the U.S. District Court for the Eastern District of North Carolina or on PACER by searching for Case No. 5:20-CR-00124-D.


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Updated December 1, 2020

Financial Fraud