An Atlanta man will spend 13 years in federal prison on charges of bank fraud and aggravated identity theft related to an elaborate million-dollar scheme.
Orlando King, 36, must pay nearly a million dollars in restitution, according to his sentence handed down Monday. King pleaded guilty to the charges on Feb. 1, 2010.
King and a co-conspirator, Harold Wardlaw, admitted they stole checks and then created fake companies with similar names as the payees on the checks in order to cash them. King and Wardlaw, both of Atlanta, also stole personal information that they used to fraudulently obtain credit cards.
"As the money rolled in, these defendants probably thought they had hit the jackpot, but that success was short-lived," U.S. Attorney Sally Quillian Yates said in a statement. "Now each will spend over 10 years of their life in federal prison and must pay back the money they stole.”
Wardlaw, 41, was sentenced in August to serve 12 years and 1 month in prison, and was ordered to pay restitution totaling $1,010,421. Wardlaw pleaded guilty to the charges on Jan. 26, 2010.
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