A sixth individual has pleaded responsible to his function in a scheme that cheated $2.4 million from banks in a number of states and used stolen identities to acquire and try and receive automotive loans, federal prosecutors mentioned.

On Tuesday, Fernando Diaz, 34, of Haverhill, Massachusetts, pleaded responsible in U.S. District Courtroom in Windfall to conspiracy to commit financial institution fraud.

In response to a press release offered by the U.S. legal professional's workplace in Rhode Island, Diaz obtained a $50,000 mortgage by means of the usage of a stolen id of a Connecticut resident in December of 2017.

Prosecutors added that Diaz and different members of the scheme deposited and withdrew the cash right into a TD Checking account, opened underneath the identical stolen id. The scheme spanned a number of states, together with Rhode Island, Connecticut, New Hampshire, Massachusetts and others.

Prosecutors additionally mentioned Diaz admitted to making use of for 3 on-line used automotive loans in June of 2019, falsely claiming he deliberate to buy a 2016 Porsche Cayenne. In response to the U.S. Lawyer's workplace, every on-line software included solid paperwork, together with pretend payments of sale, automotive titles, pay stubs, proof of employment and different solid paperwork all created by a member within the scheme. Every automotive mortgage was roughly $35,000, $35,574, and $36,000.

The investigation was carried out by the Social Safety Workplace of Inspector Normal and the USA Secret Service. Assistant U.S. Lawyer William J. Ferland is prosecuting the circumstances.

Diaz is the sixth individual convicted, together with Roland E. Estrella, 33, the admitted ringleader. A minimum of eight different individuals had been named within the indictment.

Fernando Diaz Conspiracy Fraud
A sixth individual, Fernando Diaz of Haverhill, Massachusetts, has pleaded responsible to his function in a scheme that cheated $2.4 million from banks in a number of states and used stolen identities to acquire and try and receive automotive loans, federal prosecutors mentioned. Prosecutors mentioned Diaz admitted to making use of for 3 on-line used automotive loans falsely claiming he deliberate to buy a 2016 Porsche Cayenne. Above, a Porsche Cayenne is displayed through the second press day on the 89th Geneva Worldwide Motor Present on March 5, 2019, in Geneva, Switzerland. Robert Hradil/Getty Pictures

Estrella, who beforehand ran a used automotive dealership known as Estrella Nationwide Auto LLC, in Lawrence, Massachusetts, was beforehand arraigned in 2020 and pleaded responsible in October.

He was charged with collaborating in a conspiracy scheme defrauding monetary establishments in a number of states by means of stolen identities and fraudulent paperwork.

Estrella was first charged in December of 2019 as a part of this ongoing investigation. A federal grand jury charged him with ten counts of conspiracy to commit financial institution fraud, aggravated id theft, use of Social Safety numbers and 7 counts of financial institution fraud.

In response to a press release launched by Performing U.S. Lawyer Richard Myrus, Estrella admitted he recruited others to file pretend used automotive mortgage purposes, open financial institution accounts underneath stolen identities to withdraw and deposit cash.

Diaz's sentence is scheduled for April 5, whereas Estrella's is scheduled for March 24.

The Related Press contributed to this report.