Angel Morales, 52, Pleads Guilty

Posted on September 04, 2019, 8:40 am
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Federal prosecutors say a New York City man has pleaded guilty to his role in various stolen identity and bank fraud schemes and conspiracies that milked banks, finance companies, car dealerships, and others out of hundreds of thousands of dollars.

The U.S. attorney for Rhode Island says 52-year-old Angel Morales, of Bronx, was one of 10 people charged for their alleged participation in the scams.

They say the suspects used stolen identities to open accounts at banks and credit unions, obtained car loans using fraudulent documentation, and then quickly withdrew the funds before the banks discovered the fraudulent activity.

Morales opened fraudulent bank accounts at various bank branches in Rhode Island and Massachusetts.

He pleaded guilty Tuesday in Providence to several charges including bank fraud and aggravated identity theft.

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