Brothers Convicted of Bilking Worcester Bank in Fake Airplane Loan Scheme - NECN
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Brothers Convicted of Bilking Worcester Bank in Fake Airplane Loan Scheme

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    Brothers Convicted of Bilking Worcester Bank in Fake Airplane Loan Scheme
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    Two brothers have been convicted in federal court of using stolen identities to obtain about $2 million in fraudulent airplane loans from several banks across the nation.

    The Telegram & Gazette reports that Ryan Miller and Dusten James Miller were convicted Tuesday in U.S. District Court in Worcester of bank fraud, money laundering and identity theft-related charges.

    Prosecutors say the brothers, from Chicago, used the identities of other people and doctored documents to obtain loans, including a nearly $400,000 loan from Worcester-based Commerce Bank.

    Authorities say they then laundered the money through shell companies and used it to buy luxury cars and other high-end items.

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    The brothers represented themselves in court. They questioned some of the evidence and argued technicalities.

    They are scheduled to be sentenced May 9.

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