SANTA ANA – A U.S. District judge has found guilty the wife of a key player in one of the largest I.D. theft schemes in Southern California with dozens of victims from Orange County and millions of dollars in losses.
Kristine Ogandzhanyan was convicted Wednesday after a bench trial in Judge David Carter’s courtroom of one count of conspiracy to commit bank fraud, two counts of attempted bank fraud, and four of aggravated I.D. theft, prosecutors said. She was acquitted of two attempted bank fraud counts.
A U.S. District judge has found guilty the wife of a key player in one of the largest I.D. theft schemes in Southern California with dozens of victims from Orange County and millions of dollars in losses in federal court.
Carter commented the trial educated the court, saying he was “astounded by the sophistication” of the group, prosecutors said.
Last week Carter found her husband, Arman “Horse” Sharopetrosian and another member of the conspiracy, Keren Markosian, all from the Glendale area, guilty of several similar counts.
A federal jury heard testimony in co-defendant Artush Margaryan’s case and found him guilty of similar charges, also in Carter’s court.
Margaryan was the only one of the defendants who opted for a jury trial, while Carter weighed the evidence against the other three.
The defendants face a possible 30 years in federal prison for each count of fraud, 30 years for each count of conspiracy and a mandatory two years on each identity theft charge at their Aug. 6 sentencing by Carter, said Joseph McNally and Martin Estrada, assistant U.S. attorneys who prosecuted the case.
At the sentencing, defense attorneys expect to argue there were no actual losses due to their clients’ actions because they became part of a fraud scheme in 2009, already well under way since 2005.
Prosecutors laid out for jurors what they said were the roles of the defendants:
Sharopetrosian approached low-paid tellers and call center workers for security information on account holders in exchange for money, Ogandzhanyan forged the checks, Markosian deposited the checks into accounts set up in third party names, many of them Armenians who had left the country, and Margaryan as the “one guy in the case who’s caught red handed with the checks.”
For the approximate six-year duration of the fraudulent scheme, defendants conspired to cause at least $8 million in losses, with victims in Orange, Los Angeles, San Bernardino counties, as well as in Arizona, Texas and Nevada, prosecutors said.
There were no losses after the Armenians joined in the summer of 2009 the scheme initiated by African Americans, prosecutors said. But sentencing in federal court is also about intended losses and among other factors the judge will take that into consideration along with any criminal histories of the defendants.
The defendants did everything they could to bypass bank security systems to drain the accounts of victims, many of them unsuspecting seniors whose sense of security was violated, McNally said in his opening statement.
According to the government’s trial memo, as early as 2005, the defendants and co-conspirators used bank insiders to execute a sophisticated fraud scheme throughout Southern California, targeting individual bank accounts by obtaining confidential information.