Investigative Case Studies
Recent prosecutions highlight the ingenuity and scale of synthetic identity fraud. For example, a Department of Justice case revealed a fraud ring that used hundreds of synthetic profiles to scam millions from lenders and government aid programs. In 2022, the U.S. Government shut down a synthetic identity scheme that defrauded banks by $2 million. Another issue took place in Oklahoma City in 2022 when a man was sentenced to 18 months in prison for conspiracy to make false statements to a financial institution, all of which was part of a larger synthetic identity scheme.