Men in Stolen Bank Card Scheme Sentenced to 5 Years in Prison
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(WASHINGTON) -- Two men from Southern California have each been sentenced to five years in prison for their involvement in a stolen debit card scheme.
Eduard Arakelyan, 21, and Arman Vardanyan, 23, were sentenced at a district court in Oakland on Wednesday, to three years in prison for bank fraud and conspiracy charges, and an additional, consecutive, two years behind bars for an identity theft charge. They have been ordered to pay $42,043 in restitution.
Authorities said around July 2011 the men obtained 952 stolen bank cards and journeyed to ATMs in Northern California to withdraw money from accounts connected to the stolen bank cards.
Court documents indicated that the men also had two loaded firearms, a GPS device pre-programmed with ATM locations and eight mobile telephones as part of their operation.
Copyright 2012 ABC News Radio
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