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Justice News

Department of Justice
U.S. Attorney’s Office
Middle District of Florida

Monday, January 30, 2017

Naples Man Sentenced To More Than Eleven Years In Federal Prison For $2.2 Million Dollar Online Fraud And Identity Theft Scheme

Fort Myers, Florida – Senior United States District Judge John E. Steele today sentenced Jeffrey Ihm (49, Naples) to 11 years and 8 months in federal prison for wire fraud and aggravated identity theft. The Court ordered him to pay restitution totaling more than $2.2 million to financial institutions Wells Fargo Bank, CIT, and Key Equipment Finance. The Court also entered a forfeiture money judgment of over $2.2 million and specifically ordered the forfeiture of $315,000 of fraud proceeds previously seized from a Suncoast Credit Union checking account, as well as a house located in the Riverstone Community in Naples, that had been purchased with proceeds of the fraud scheme.

According to court documents, between February 2013 and July 2014, Ihm assumed the identities of and posed as executives of a number of companies. He then generated false and fraudulent emails and other documents in the names of the companies’ executives in order to defraud financial institutions, causing them to transfer to him $2,234,681 to which he was not entitled. Ihm used the money to purchase a house and otherwise enrich himself.

The Jacksonville Office of the Federal Bureau of Investigation and the Fort Myers Office of the United States Secret Service unraveled the electronic cyber trail tracing back to computer equipment associated with Ihm in Naples. Victims were identified in Jacksonville and Sarasota.

This case was investigated by the Fort Myers Office of the United States Secret Service and the Jacksonville Office of the Federal Bureau of Investigation with assistance from the Economic Crimes Unit of the Collier County Sherriff’s Office. The case was prosecuted by Assistant United States Attorneys David G. Lazarus and Dale R. Campion.

Financial Fraud
Identity Theft
Securities, Commodities, & Investment Fraud
Updated January 30, 2017