In an intricate scheme that unfolded in the state of California, a 45-year-old woman, whose identity remains undisclosed, has entered a plea of guilt for orchestrating a fraudulent operation involving counterfeit U.S. savings bonds.
The foundation of this operation was laid upon pilfered details extracted from stolen rental applications, according to the pronouncement of authorities. With this purloined information in her possession, the perpetrator ingeniously combined it with genuine bond numbers, meticulously crafting spurious savings bonds.
These counterfeit bonds were subsequently presented by her co-conspirators at diverse financial establishments across the state of Texas, as disclosed by the U.S. Attorney's Office. Over the span of the last four years, the woman, working in tandem with her collaborators, illicitly reaped a staggering sum exceeding $1.6 million through this fraudulent endeavor, officials affirm.
As she awaits her forthcoming sentencing, scheduled for the 20th of December, the woman confronts the ominous prospect of up to two decades of federal incarceration and a substantial monetary penalty of $250,000, in accordance with the disclosures made by the U.S. Attorney's Office.