Feb 13, 2009 10:19 am US/Eastern
Delaware Man Charged In $9 Million Credit Scam
WILMINGTON, Del. (AP) ―
A Wilmington man has pleaded guilty for his role in a credit-selling scam that cost Bank of America more than $9 million.
Thirty-one-year-old Richard McCann worked at a subsidiary company, FIA Card Services, in Newark. Court papers say he was recruited by co-worker Frank Azan in 2007 to take part in the scam. The documents say Azan was offered cash to secretly raise the credit limits of certain people with accounts with the business.
Prosecutors say McCann was paid $500 to $2,000 per list of "clients" passed on by Azan from Arthur Ishkanian to make the unauthorized changes.
McCann pleaded guilty to one of count of conspiracy to commit bank fraud. Ishkanian, meanwhile, is serving 30 years for distributing methamphetamine. Ishkanian's father has also pleaded guilty in the bank fraud case.
Information from: The (Wilmington, Del.) News Journal,
http://www.delawareonline.com
(© 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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