Financial Crime World

Title: Armenian Gang Member Sentenced to Over a Decade in Prison for Identity Theft and Financial Crimes

Andranik Aloyan, a Los Angeles-based Armenian man, receives a 13-year prison term

The United States Department of Justice announced recently that Andranik Aloyan, a 44-year-old Los Angeles resident, was sentenced to 13 years and four months in federal prison for his involvement in an organized crime ring, which included identity theft, financial crimes, and other offenses.

Guilty Verdict on Multiple Charges

On February 11, 2014, a federal jury found Aloyan guilty on the following charges:

  • Racketeering conspiracy
  • Attempted bank fraud
  • Access device fraud
  • Four counts of aggravated identity theft
  • Possession of a firearm by a convicted felon

Membership in the Armenian Power Gang

Aloyan’s charges were related to his membership in the notorious Armenian Power gang. In 2011, over 90 individuals were indicted in connection to the gang in two separate incidents:

  • One indictment targeted 70 defendants, who were charged with a range of criminal activities.

Aloyan was among the individuals charged, and the damages caused by his illegal activities were substantial.

Victims of Aloyan’s Crimes

The combined losses caused by Aloyan’s identity theft and financial crimes amounted to $3,516,711.

Ongoing Efforts to Combat Organized Crime

The sentencing marks another success in the Department of Justice’s ongoing efforts to combat identity theft, financial crimes, and other criminal activities linked to organized gangs like the Armenian Power gang.

Arrests and Charges in 2011

In 2011 alone, over 90 individuals were charged in relation to the Armenian Power gang in two separate indictments. The arrests and charges targeted a range of criminal activities:

  1. Participation in racketeering enterprises
  2. Conspiracy to commit extortion and money laundering
  3. Identity theft and financial crimes

Reminder of the Impact of Organized Crime

The sentencing serves as a reminder of the destructive impact of organized crime on communities and the importance of law enforcement in protecting citizens against such criminal activities.