PEORIA (Heart of Illinois ABC) – A federal jury on Tuesday found a Chicago man guilty of three counts of financial institution fraud and one count of aggravated identity theft.
The sentencing of Christopher Simmons, 40, is scheduled for February 24, 2022.
According to a Department of Justice statement, the government presented evidence to establish that a man who had previously pleaded guilty, Adreen Canterberry, obtained a loan of $ 49,900 from CEFCU to purchase a 2016 Audi from Simmons.
Evidence showed that Simmons did not own the Audi and that the information provided on the cart came from an eBay listing.
After Simmons got the $ 49,900, he used a stolen social security number, fake address, and fake income statements to apply for car loans and credit cards at CEFCU. CEFCU alerted the Peoria County Sheriff’s Department to the fraud and when Simmons went to one of the CEFCU offices to get a car loan, he was arrested.
Canterberry had previously pleaded guilty to fraud at a financial institution and was sentenced to 15 months in prison, five years on probation, a fine of $ 10,000 and $ 49,900 in restitution, according to the DOJ.
Simmons faces legal sentences of up to 30 years in prison, a fine of up to $ 1,000,000 and maximum supervised release sentences of five years on each of the counts of financial institution fraud. He also faces a mandatory two-year jail sentence on the aggravated count of identity theft, as well as a maximum of one year of supervised release and a fine of up to $ 250,000.
He remains in the custody of the US Marshals Service.