51-year old Indian American Vinod Dadlani of Lyndhurst, NJ is part of an elaborate scheme of using falsified credit reports to get credit cards and take out loans totaling $200 million.
“During his guilty plea proceeding, Dadlani admitted he worked with other conspirators, who came to his Jersey City, New Jersey store and allowed them to swipe cards he knew did not legitimately belong to them. Dadlani would then split the proceeds of the phony transactions with the conspirators,” said the Department of Justice, in a press release.
Prosecutors say the defendants created 7,000 fake identities and successfully applied for tens of thousands of credit cards.
You can read more about this elaborate plot in the American Bazaar.