A Shasta County, California man has admitted to orchestrating a financial scam using stolen identities and fake documents.
The United States Attorney’s Office, Eastern District of California say James Raymond Hanes obtained the personally identifiable information of certain individuals to produce at least sixteen fake driver’s licenses that show his photo but use someone else’s identity.
He then used the victims’ names to secure more than $476,000 in auto loans and purchase cars from dealerships throughout Northern California, which he later resold to associates and unsuspecting buyers.
The 61 year old Hanes was charged last October after an investigation by the U.S. Postal Inspection Service and Redding police.
Reads the court document submitted on May 14,
“The government has stated that discovery related to this case includes more than 8,000 pages of financial documentation, investigative reports, photographs and other documentary evidence. In addition, there is extensive electronic evidence in the case.”
Hanes pleaded guilty June 29 to bank fraud and aggravated identity theft. Senior U.S. District Judge William B. Shubb will impose the sentence on October 13.
He faces a maximum statutory penalty of 30 years in prison, a $1 million fine for bank fraud and a mandatory consecutive statutory penalty of two years behind bars for aggravated identity theft.
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