Glendale Man Sentenced for $2.1 Million Bank Scam Involving Dentists

A Glendale man was sentenced to three-plus years in prison for stealing the identities of at least 11 dentists and filing fraudulent claims to banks that offer lines of credit to dentists, according to a statement from the U.S. Department of Justice on Tuesday.

Ararat Yesayan, 39, was ordered to pay $2.1 million in restitution. In May he pleaded guilty to one count of conspiracy to commit bank fraud.

From October 2010 to March 2014, Yesayan and co-conspirators impersonated dentists via personal identifying information such as dental license numbers, according to the Department of Justice statement.

Source: Glendale Man Sentenced for $2.1 Million Bank Scam Involving Dentists / San Fernando Valley Business Journal

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