The FTC is warning of a new phone scam where the caller will fake a call from the SSA to trick you into giving up your personal information. ERIC ROGERS/TCPALM Eric Rogers, Florida Today
INDIAN RIVER COUNTY — A Vero Beach man has been charged with attempting to defraud five financial institutions and other businesses out of $50 million.
David Ridling, 57, of the 8700 block of 20th Street in Vero Beach, is charged with 10 counts of wire fraud, four counts of bank fraud, nine counts of money laundering and two counts of aggravated identify theft, according to a news release from the Middle District of Florida United States Attorney’s Office in Orlando.
Ridling attempted to obtain loans of credit from Heritage Bank, Howard Fertilizer, Seaside Bank, Rabo Agrifinance, AgAmerica, Farm Credit of Florida and Seacoast Bank, according to the federal indictment.
Over the past three years, Ridling attempted to defraud the institutions by fabricating tax returns, using false brokerage account statements and using false financial statements to acquire loans, according to the federal indictment and information presented in court, news release said.
If convicted, Ridling could face a maximum penalty of 20 years in federal prison for each wire fraud count, 30 years for each bank fraud count, 10 years for each money laundering count and a mandatory penalty of two years for aggravated identity theft, the news release said.
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According to the indictment, Ridling operated and controlled Blue Cypress Grain LLC, and had accounts at Charles Schwab & Co., Inc. And PNC Bank.
Ridling would claim that an individual served as his account representative at a brokerage company, the news release said. Under the guise of fake email accounts, he pretended to be those representatives to convince lenders he had millions of dollars.
Ridling had one account that never had more than $2,000 in it, according to the news release.
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Ridling used money he obtained from the institutions to pay off other people he owed money in an effort to prolong his scheme, the news release said.
The case was investigated by the FBI and will be prosecuted by Assistant United States Attorney Roger Handberg, according to the news release.
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Source: togel online via pulsa