A 60-year-old Rutledge man who stole the identities of his own relatives to carry out a $2 million fraud scheme was sentenced today to 81 months in prison.
In imposing sentence, U.S. District Judge Harvey Bartle III said Anthony Iacono's actions reflected a "depravity of heart and mind," according to a statement from the U.S. Attorney's Office.
Iacono had pleaded guilty to wire fraud, credit card fraud and aggravated identity theft charges on Aug. 19, 2010.
Prosecutors said Iacono fraudulently obtained over $2 million in loans secured by properties owned by his parents and other family members using fraudulent powers of attorney and credit cards in the names of relatives and businesses owned by relatives.
When he failed to repay the loans, his family bore the brunt of the lenders efforts to recover their money, prosecutors said.
Iacono also was ordered to forfeit property or pay restitution in the amount of $2,098,000.