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10 defendants in synthetic identity fraud ring convicted | Local News

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Eight defendants pleaded guilty Thursday, to offenses contained in a 50-count, 2nd Superseding Indictment charging various forms of bank fraud, wire fraud, conspiracy to commit bank fraud, making false statements to a bank on loan, aggravated identity theft and perjury, according to a press release from the U.S. Attorney’s Office, Eastern District of N.C.

Two additional defendants previously pleaded guilty in connection with the same scheme. The indictment charges that defendant Michael Griffin, operating from his business location in Raleigh and home in Knightdale, accepted fees from clients for alleged credit repair services. The indictment alleges that, in reality, Griffin was creating fictitious credit profiles and fraudulently altering client credit data through the use of fictitious police reports.

The indictment further charges that various defendants, many of whom were family, conspired with Griffin to defraud Synchrony Bank, a Lowe’s credit card provider, by opening credit accounts in the name of fraudulent identities, cashing out the accounts through prepaid card purchases, and then defaulting on the credit accounts. The indictment also charges various defendants with similar frauds against other banks, including Capital One and Discover.

Regina Griffin, Michael Griffin’s sister, 49, of Raleigh, pled guilty to Count 29 of the 2nd Superseding Indictment, which charged false statement to influence a bank on a loan, in violation of Title 18, United States Code, Section 1014. The offense occurred between Feb. 11, 2019, and March 19, 2019, and involved Alcova Mortgage, LLC.

Angela Griffin, Michael Griffin’s wife, 53, of Knightdale, pled guilty to Count 13 of the 2nd Superseding Indictment, which charged bank fraud and aiding and abetting, in violation of Title 18, U.S. Code, Sections 1344 and 2. The offense occurred between Nov. 21, 2017, and Dec. 21, 2017, and involved Synchrony Bank.

Creshun Alexandria Griffin, Michael Griffin’s daughter, 27, also of Knightdale, pled guilty to Count 16 of the 2nd Superseding Indictment, which charged bank fraud and aiding and abetting, in violation of Title 18, U.S. Code, Sections 1344 and 2. The offense occurred between Aug. 11, 2017, and Dec. 31, 2018, and involved Capital One Bank.

Sharon Annita Edmond, Michael Griffin’s sister, 57, of Raleigh, pled guilty to Count 25 of the 2nd Superseding Indictment, which charged wire fraud and aiding and abetting, in violation of Title 18, U.S. Code, Sections 1343 and 2.  The offense occurred on or about April 16, 2018, and involved Strategic Funding Partners, doing business as Merchant Cash Group.

Katina Griffin Perry, Michael Griffin’s sister, 48, of Raleigh, pled guilty to Count 27 of the 2nd Superseding Indictment, which charged wire fraud, in violation of Title 18, U.S. Code, Section 1343. The offense occurred between Aug. 21, 2017, and Sept. 19, 2017, and involved Kia Motor Finance.

Harvey Griffin, Michael Griffin’s brother, 47, of Raleigh, pled guilty to Count 11 of the 2nd Superseding Indictment, which charged bank fraud and aiding and abetting, in violation of Title 18, U.S. Code, Sections 1344 and 2. The offense occurred between October of 2017 and January of 2018 and involved Synchrony Bank.

Melvin Griffin, Michael Griffin’s brother, 45, of Knightdale, pled guilty to Count 18 of the 2nd Superseding Indictment, which charged bank fraud and aiding and abetting, in violation of Title 18, U.S. Code, Sections 1344 and 2. The offense occurred between Oct. 5, 2017, and Aug. 31, 2018, and involved Discover Bank.

Jasmine Mariah Davis, 29, of Lakeland, Florida, pled guilty to Count 12 of the 2nd Superseding Indictment, which charged bank fraud and aiding and abetting, in violation of Title 18, U.S. Code, Sections 1344 and 2. The offense occurred between October of 2017 and February of 2018 and involved Synchrony Bank.

Acting U.S. Attorney G. Norman Acker III stated, “The charges in this case largely involve the use of a false Social Security Number to obtain money, credit, or other valuables, under a false identity. Synthetic identity frauds such as these often involve the use of what are referred to as “CPNs” or alternate “credit profile numbers.” These are nothing but fancy sounding terms for Social Security Numbers that do not belong to you. The public needs to know that when you place a fraudulent Social Security Number or CPN on a bank credit application or loan document — you are committing a fraud, and you could face federal prison time for it.”

The maximum punishment for committing bank fraud and conspiracy to commit bank fraud, violations of Title 18, U.S. Code, Sections 1344 and 1349, is not more than 30 years in prison. The maximum punishment for wire fraud, a violation of Title 18, U.S. Code, Section 1343, is not more than 20 years imprisonment.  The maximum punishment for making a false statement to a bank on a loan is not more than 30 years in prison. 

The sentencings for each of these defendants are not yet scheduled, but will occur as early as October 2021. 

Shawn Allen Farmer, 52, of Cary, also named in the Second Superseding Indictment, previously pled guilty to bank fraud and aiding and abetting, in violation of Title 18, U.S. Code, Sections 1344 and 2, and making false claims, in violation of Title 18, U.S. Code, Section 287. Farmer was sentenced May 27 to 15 months in prison, and ordered to pay $42,783 in restitution.

Tyrone Edmonds, 47 of Weldon, also named in the Second Superseding Indictment, previously pled guilty on Feb. 8, 2021, to Count 6, which charged bank fraud and aiding and abetting, in violation of Title 18, U.S. Code, Sections 1344 and 2. The offense occurred between July of 2017 and August of 2018, and involved Synchrony Bank. The sentencing is not yet scheduled but will also occur as early as October of 2021.

Charges against Michael Griffin, Jasper Deonta Goodman and Coscina Brooks, also named in the Second Superseding Indictment, remain pending. An indictment is an allegation of a crime. The defendant is presumed under the law to be innocent until proven guilty.

G. Norman Acker III, Acting U.S. Attorney for the Eastern District of North Carolina made the announcement. The investigation was conducted by the Internal Revenue Service Criminal Investigation with the assistance of the

U.S. Marshals Service and the U.S. Postal Inspection Service. Assistant U.S. Attorney William M. Gilmore represents the United States.

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Can You Buy Crypto With a Credit Card? – MoneyWise.com

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Can You Buy Crypto With a Credit Card?  MoneyWise.com

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Ask Gareth Shaw: ‘I’m scared I’ll get rejected for credit card because of mistakes I made in the past’

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‘Credit-builder’ cards can be used to demonstrate that you are a responsible borrower

Answer: Well done to you for getting back on your financial feet. Climbing your way out of debt is a marathon – it takes sacrifices and planning, so you’ve taken some really important steps in your financial journey.

The good news is that the negative information – the records of missed payments, defaults and even county court judgments – won’t stay on your credit report forever. Details of your late payments can be viewed for six years after they were settled. Searches and rejections of credit typically disappear after 12 months. So this dark cloud won’t hang over you forever.

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Before we talk about applying for credit again, there are steps you can take to improve your credit health. Firstly, you should review your credit reports and make sure there are no errors that could be holding your score back. You can get your credit report for free from each of the three credit reference agencies – TransUnion, Equifax and Experian – and can ask them to investigate errors. Lenders and credit reference agencies have 28 days to respond to disputes.

Registering to vote by getting on the electoral roll can boost your credit score, while you may even be able to add the record of your monthly rent payments to your credit score by asking your landlord to report rental payments to firms like The Rental Exchange, CreditLadder or Canopy.

Experian has launched a new tool that allows you to share information about your banking habits and subscriptions – information which is not traditionally factored into your credit score – in order to increase your score. That means paying your council tax or even paying for Netflix and Amazon Prime could give your score a boost.

If you still want a credit card, your choice is likely to be limited to a particular set of cards designed for people with poor or ‘thin’ credit histories. These are known as ‘credit-builder’ cards, or sometimes ‘bad credit’ cards.

These cards have higher interest rates compared to the most competitive products in the market, to reflect the risk that a lender is taking in by providing credit to someone with a history of repayment problems. You can expect to find an APR of around 29 per cent. They also have lower limits, so when you apply, don’t be surprised to find that the lender will initially only give you £250 to £500.

However, these cards can be used to demonstrate that you are a responsible borrower, can repay on time and stay within your credit limit.

Here’s the golden rule – avoid borrowing money on these credit cards. Purchases tend to be interest-free for 55 days, after which you’ll be charged a considerable amount of interest. So limit the use of these cards, and when you do use them, try to pay them off in full. If you don’t pay on time, you will lose any promotional offer, be hit with a fee and your provider will report your missed payment to the credit reference agencies, reversing any good work you might have done. Set up a direct debit to ensure that your minimum payments are met in advance of the credit card payment date.

When you apply, use an eligibility checker first. This will ask for some basic information and carry out a ‘soft search’ on your credit file, returning a list of cards and the probability of your application being successful. That would be a helpful guide to find a card that is likely to accept you.

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Credit Repair Services Market to Scale New Heights as Market

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Credit Repair Services

Credit Repair Services

A Latest intelligence report published by AMA Research with title “Credit Repair Services Market Outlook to 2026.A detailed study accumulated to offer Latest insights about acute features of the Global Credit Repair Services market. This report provides a detailed overview of key factors in the Credit Repair Services Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.

Free Sample Report + All Related Graphs & Charts @: https://www.advancemarketanalytics.com/sample-report/9361-global-credit-repair-services-market

Definition:
Credit repair services is known as a kind of service to remove negative items from credit reports like late payments, foreclosures, liens, repossessions, and more. Credit repair normally involves fixing the bad credit in any of the way, shape or form. Credit repair is the best option if anyone is thinking about applying for finance in near future. This can make it much easier to attain the loan at the wanted rate. This will also increase the chances of being approved in the first place. The market of Credit Repair Services is mainly driven due to the escalating number of small size and large size organizations, rising focus on the safety & security related to financial documents of the company and strict norms and policies framed by government considering disclosure of the taxation and financial documents considering to the global scenario. Also, Lack of Skilled Professional is hampering the total market growth. Some of the Mandatory Norms & Policies framed by Governments related to the disclosure of Taxation and Financial Documents are creating lucrative growth opportunities for market growth.

Major Players in This Report Include,
Lexington Law (United States),CreditRepair.com (United States),Sky Blue Credit Repair (United States),The Credit People (United States),Experian PLC (Ireland),Ovation (United States),MyCreditGroup (United States),Veracity Credit Consultants (United States),MSI Credit Solutions (United States),The Credit Pros (United States),Pyramid Credit Repair (United States)

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Credit Repair Services Market various segments and emerging territory.

Market Trends:
• Personalization in the Credit Repair Services

Market Drivers:
• A Growing Number of Large Size and Small Size Organizations
• Rising Focus on Safety & Security-Related To Company’s Financial Documents

Market Opportunities:
• Mandatory Norms & Policies Related To Disclosure of Taxation and Financial Documents Creating Lucrative Growth Opportunities

The Global Credit Repair Services Market segments and Market Data Break Down are illuminated below:
by Application (Private, Enterprise), Service Mode (Online, Offline)

Credit Repair Services the manufacturing cost structure analysis of the market is based on the core chain structure, engineering process, raw materials and suppliers. The manufacturing plant has been developed for market needs and new technology development. In addition, Credit Repair Services Market attractiveness according to country, end-user, and other measures is also provided, permitting the reader to gauge the most useful or commercial areas for investments. The study also provides special chapter designed (qualitative) to highlights issues faced by industry players in their production cycle and supply chain. However overall estimates and sizing, various tables and graphs presented in the study gives and impression how big is the impact of PANDEMIC.

Enquire for customization in Report @: https://www.advancemarketanalytics.com/enquiry-before-buy/9361-global-credit-repair-services-market

Geographically World Credit Repair Services markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Credit Repair Services markets will drive growth in the North American market over the next few years.

Report Highlights:
• Comprehensive overview of parent market& substitute market
• Changing market dynamics in the industry (COVID & Economic Impact Analysis)
• In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
• Recent industry trends and development activity
• Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)

Strategic Points Covered in Table of Content of Global Credit Repair Services Market:
• Chapter 1 – Executive Summary
• Chapter 2 – COVID-19 Impacts on Credit Repair Services Market
• Chapter 3 – Credit Repair Services Market – Type Analysis
• Chapter 4 – Credit Repair Services Market – Application/End-User Analysis
• Chapter 5 – Credit Repair Services Market – Geographical Analysis
• Chapter 6 – Credit Repair Services Market – Competitive Analysis
• Chapter 7 – Company Profiles
• Chapter 8 – Credit Repair Services Industry Analysis
• Chapter 9 – Industrial Chain, Downstream Buyers, and Sourcing Strategy
• Chapter 10 – Marketing Strategy Analysis
• Chapter 11 – Report Conclusion and Key Insights
• Chapter 12 – Research Approach and Methodology

Buy this research @ https://www.advancemarketanalytics.com/reports/9361-global-credit-repair-services-market

Key questions answered
• Who are the Leading key players and what are their Key Business plans in the Credit Repair Services market?
• What are the key concerns of the five forces analysis of the Credit Repair Services market?
• What are different prospects and threats faced by the dealers in the Credit Repair Services market?
• What possible measures players are taking to overcome and stabilize the situation?

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Asia.

Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
[email protected]

About Author:
Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies’ revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.

This release was published on openPR.

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