You are here

Justice News

Department of Justice
U.S. Attorney’s Office
Western District of New York

FOR IMMEDIATE RELEASE
Wednesday, August 31, 2022

Former Buffalo Man Pleads Guilty To Lying On A Loan Application

CONTACT: Barbara Burns
PHONE: (716) 843-5817
FAX #: (716) 551-3051

BUFFALO, N.Y. - U.S. Attorney Trini E. Ross announced today that Hassan Moussa Fares, 30, formerly of Buffalo, NY, pleaded guilty before U.S. District Judge Lawrence J. Vilardo to making a false statement to a financial institution, which carries a maximum penalty of 30 years in prison and a fine of $1,000,000.

Assistant U.S. Attorney Charles M. Kruly, who is handling the case, stated that in June 2019, Fares submitted an online application to Discover Bank for a personal loan. On the application, Fares falsely represented that he was employed full time at Company 1, that he had been employed at Company 1 for 18 months, and that his gross annual income was $60,000. As a result, Discover Bank approved the application and funded a $20,000 loan. Fares admits that he only worked at Company 1 for approximately eight weeks in 2018, earning approximately $6,540 in income in 2018. In 2019, Fares earned, at most, approximately $4,600 in income. In addition, Fares submitted a credit card application to Discover Bank, falsely stating that his annual income was $80,000. Fares also submitted a line of credit application to M&T Bank, falsely stating that he had been employed at Company 1 for 14 months and that his income was $70,000.

The plea is the result of an investigation by the Federal Bureau of Investigation, under the direction of Special Agent-in-Charge Stephen Belongia.

Sentencing is scheduled for January 9, 2023, before Judge Vilardo.

# # # #

Topic(s): 
Financial Fraud
Updated August 31, 2022