“Eldabbagh used a stolen identity to disguise the ownership of Alias Systems” and “used the same stolen identity to submit the vast majority of [loan] applications,” the statement said. He “also used stolen identities, stolen tax returns and stolen financial records from a Washington, D.C., consulting firm” to obtain fraudulent loans.
As part of a plea deal, prosecutors said, Eldabbagh has agreed to forfeit a Telsa Model 3 automobile, the contents of 21 bank accounts and an undisclosed of amount of cryptocurrency. Authorities did not say how much of the $31 million has been recovered.
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