Cyber

Man Charged in Retirement Accounts Theft Case

07.27.2020

An individual was recently found guilty of three counts of bank fraud and one count of aggravated identity theft. A federal grand jury charged Hoa Vo of Santa Ana, California, with siphoning hundreds of thousands of dollars from Boeing workers’ retirement account.

Per the indictment, Vo gathered the sensitive identifying information of Boeing workers, along with details of their retirement accounts from January 2019 to June 2019. Subsequently, he allegedly made fraudulent withdrawal requests for electronic money transfers and checks, amounting to hundreds of thousands of dollars from employee accounts.

Vo tried to snatch roughly $783,328 from Boeing workers, though he obtained only $360,847. If convicted of charges, Vo will face statutory maximum sentencing of 92 years in prison.

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