The Justice Department says a Reno man who admitted to using stolen identities to create more than 8,000 fake online accounts to commit a $3.5 million fraud scheme was sentenced to 48 months in federal prison on Monday.Â
47-year-old Kenneth Gilbert Gibson also received three years supervised release, and 100 hours of community service.
He previously pleaded guilty to one count each of wire fraud, mail fraud, filing a false tax return, and aggravated identity theft. In addition to the prison term, he agreed to pay approximately $1 million in restitution and a $3.5 million forfeiture judgment.
Gibson stole identities from a database in Reno between 2012 and 2017 to open unauthorized online accounts, credit accounts, bank accounts and prepaid cards.
He used those fraudulent accounts to transfer money to himself via hard copy checks and electronic transactions to approximately 500 bank accounts.
(Department of Justice contributed to this report.)
