Marina del Rey Man Convicted of Bank Fraud

Man and his brother were found guilty of defrauding people and banks out of about $600,000.

A federal judge on Friday convicted a Marina del Rey man of 18 felony counts of bank fraud, identity theft and money laundering that totaled $600,000.

Johhny Stewart, 50, and his brother Clayton Stewart, 46, were convicted of impersonating people to obtain credit card numbers under the victims’ names and applying online for fraudulent credit cards.

Stewart also called several banks, including Chase and Bank of America, and used a person's credit rating agency profile information to receive credit cards, which he and his brother then used to withdraw money from ATMs and purchase department store gift cards. 

Johhny Stewart was found guilty on Friday after a four-day trial and faces a maximum jail time of 302 years in federal prison. He will be sentenced on March 18, 2013. 

Clayton Stewart who plead guilty before the trial to conspiracy to commit fraud, access device fraud and money laundering, will be sentenced on Feb. 4, 2013. 


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