How Identity Theft Fraudster Stole Over $3.5 Million! | Fraud & Scammer Cases

How Identity Theft Fraudster Stole Over $3.5 Million! |True Crime Fraud: Identity Theft Fraud

In this video, we look over the case of serial fraudster Joseph Albert Corey and explain how he stole multiple identities as part of his scheme to illegally obtain over $3.5 million!

Source:

SAN FRANCISCO – Joseph Albert Corey was sentenced in federal court today to 108 months for two separate fraud schemes causing more than $3.5 million in losses.
Corey, 57, and last known to live in or near Los Angeles, was initially charged in 2019 with depositing fraudulent checks into accounts opened under the false name “Dennis Dupont.” Posing as Dennis Dupont, Corey opened bank accounts for two fake companies, “Medical Practice Management” and “Medtronic Inc.” He funded those accounts by depositing unauthorized checks drawn on a bank account owned by a legitimate company, the government’s sentencing memo describes. Corey wrote checks on the victim company’s account totaling more than $370,000. When he successfully deposited a check, Corey laundered the proceeds by using the stolen money to purchase gold coins from a precious metals company. He picked up the gold coin shipments from rented mailboxes in the Bay Area.

Once arrested, Corey entered a guilty plea in November 2019 to a federal charge of mail fraud. Corey, however, absconded from his February 2020 sentencing hearing.

While a fugitive, Corey continued to commit a second fraud scheme that involved a conspiracy to defraud financial lenders. The conspiracy was underway as early as March 2019 and continued through October 2020. Corey admitted in his current plea agreement that as part of the scheme he assumed the identities of multiple medical doctors. Corey would impersonate a doctor to obtain a loan ostensibly to purchase an expensive medical device from a legitimate supply company. Once the loan was authorized, Corey directed the lender to deposit the loaned purchase funds into a specific bank account. Unbeknownst to the lender, Corey earlier had opened that account in the name of, or in a name similar to, the medical device supply company. When the lender deposited the funds into the account, Corey appropriated the money. Corey then assumed another set of false identities and used the funds to purchase gold from various precious metals dealers, thus obscuring the trail of the stolen loan money.

Corey remained a fugitive until he was detained by Mexican authorities in January 2021 and deported from Mexico to the United States. According to a government filing, when Corey was arrested in Mexico he possessed scores of false identifications, including one identifying him as a “special agent” of the CIA.

Corey admitted in his plea agreement that he defrauded more than 10 victims in this second scheme and caused losses of at least $3.5 million.

[Chiraqproductions]

Man I caught myself being scared after watching these videos but when I get off YouTube I keep juggin😭🤷🏾‍♂️

[DoNDiPzOsH]

See the fraud angels were trying to give him a heads up when he was shipped that book but he was too greedy to read that as a sign. Why would a company that sells gold ship you a book! They aren’t Amazon a mixup like that is impossible 😂

[Rosemorgana]

u know a lot of ppl romanticize these fraudsters as evil geniuses or whatever but im starting 2 think thats far from the case. This man mispelled a business name on a fake check for 30, 000 😂

[harryjohnson]

Nigga using maddd lango😭😭😭 “pros, cook up” very funny for some reason

[bigbro]

Seems people get caught because they get greedy and stay on the same scam way to long. Hit and move along

[luiscardenas]

y'all be slow yall supposed to make yalls 100k-500k and dip bro or even yo 50k and start a business

[crushstreams]

Do a video on those teenagers sim swapping crypto exchanges!!!! Thanks 😊

[BrainteethJr]

This shit keep me on my toes I kno what nighas messin up on 👀👀

[erictbe]

Love your videos my boy 🙏🏽 keep dropping this heat big dog 🔥🔥

[Ice_Queen_Empress]

How do you report someone you know whose doing it???

[vzepc]

I'm not satisfied. I want to see more court documents and principles

[odmarii]

9 years w/ m’s under the ground he be alright

[johnjoseph]

Hey how did you get full court documents?

[fredflintstoner]

Mrs Richards: "I paid for a room with a view !"
Basil: (pointing to the lovely view) "That is Torquay, Madam ."
Mrs Richards: "It's not good enough!"
Basil: "May I ask what you were expecting to see out of a Torquay hotel bedroom window ? Sydney Opera House, perhaps? the Hanging Gardens of Babylon? Herds of wildebeest sweeping majestically past?..."
Mrs Richards: "Don't be silly! I expect to be able to see the sea!"
Basil: "You can see the sea, it's over there between the land and the sky."
Mrs Richards: "I'm not satisfied. But I shall stay. But I expect a reduction."
Basil: "Why?! Because Krakatoa's not erupting at the moment ?"

[searchbug]

Schools and other educational institutions should constantly emphasize the importance of Identity theft. Please don't wait until it's too late to protect your identity. Background checks and SSN searches are particularly important for individuals who have experienced suspicious activity on their bank accounts or credit cards or noticed unauthorized access to their personal information.

[outcasty]

make one on Graham Clark and sim swapping?

[ryanziller]

Aye, he ran the philosophy, honest. No bull$hit just bullions and a few millions.

[JWL]

Michael Westin 🤣🤣🤣 dude had been binging burn notice in his off time

[mwylie]

Love your videos. Awesome example of crime script analysis.