Rahne Cooper, 31, and Darius Hinton, 31, pleaded guilty to bank fraud before investigating magistrate Robert T. Numbers III of the Federal District Court on March 24, according to a press release from the Department of Justice, eastern district of North Carolina.
The pair admitted to using synthetic identities to obtain loans from financial institutions, the statement said. A synthetic identity – often referred to as a CPN or Credit Privacy Number – looks like a nine-digit Social Security number, and often the CPN has actually been issued by the Social Security Administration to an actual individual. People with bad credit use ANC to create new credit by adding the CPN to their names and dates of birth, the release said. To improve creditworthiness, the new credit profile is added as an authorized user on credit accounts owned by people with good credit.
“Cooper used a synthetic identity to fund the purchase of a car and Hinton used one to purchase John Deere lawn equipment from Quality Equipment. Each man faces a maximum sentence of 30 years in prison, a fine of $ 1,000,000, restitution and confiscation, ”the statement said.
Cooper and Hinton were indicted along with Durham’s attorney Tiffany russell in an indictment of 26 counts. Russell’s arraignment is scheduled for May 17, 2021 before District Judge James C. Dever III.
G. Norman Acker III, Acting US Attorney for the Eastern District of North Carolina, made the announcement. The Federal Bureau of Investigation, the Internal Revenue Service Criminal Investigation, the Social Security Administration and the Raleigh Police Department jointly investigated the case and US Attorney Assistant Susan Menzer is suing.