A federal jury convicted a Michigan businessman today of aggravated identity theft for placing the name and address of another man with the same name in legal documents to avoid a settlement payment of more than $6 million.
According to documents and evidence presented at trial, Hassan Kamal Fayad, of Dearborn, operated three medical practices and a transportation business.
To fund business operations, Fayad sold outstanding medical and transportation invoices to a Texas-based investment firm. After Fayad failed to make appropriate payments to the Texas firm pursuant to their contracts, the Texas firm sued him in civil court for damages.
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Throughout the civil proceedings, Fayad caused the name and address of another Michigan resident who shared Fayad’s first and last name, but lived at a different address, to be placed on multiple legal documents, including on a settlement document which obligated Fayad to pay the Texas firm more than $6.3 million.
Fayad’s use of the other Michigan resident’s name and address caused the garnishment of all funds from the other Michigan resident’s bank account.
A date for sentencing has not been set. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
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