Two Californian men could face up to thirty years behind bars for operating a fraudulent scheme in which they allegedly accessed bank accounts and stolen funds from elderly victims.
Ayman Alayaraj, Ahmad Nassar and their brother-in-law, Ayman Alayaraj, were charged with bank fraud, identity theft and other crimes by the U.S. Attorney’s Office for Eastern District, California.
Documents from the court show that Nassar, in May of 2023, took control of several accounts at two different banks belonging to elderly victims using sophisticated methods, including porting the number associated with one victim.
Nassar was able to bypass two-factor authentication and gain access to the bank accounts using this method. Nassar and Alaaraj would drain the account, running up credit card charges that were not paid. The victims suffered losses of more than $794,000.
Both men moved stolen funds through pass-through account created in the victims’ names. They also funneled $100,000 to Alaaraj’s business.
The defendants transferred money using Western Union, Zelle, Western Union transfers, ATM withdrawals and personal checks. The stolen money was also used to buy Mercedes, play online casino games and pay for credit cards.
The two men could face up to thirty years in prison and $1 million for each bank fraud count if found guilty. The two men also face mandatory imprisonment of 2 years, and fines of up to $250,000.
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The post Brothers in Law Steal $794,000 from Elderly Victims after Porting Phones to Override 2FA Mobile: DOJ could be updated as new information becomes available.
