LOS ANGELES – A member of Navy FCU was sentenced to 64 months behind bars for submitting a false loan application, obtaining a credit card in somebody else's name and running up charges on the account.
Jeff Riley’s penalty was increased because he submitted phony claims against the Internal Revenue Service and committed credit card fraud against Navy FCU while awaiting sentencing, officials said. In addition to the prison term, Riley was ordered to pay more than $720,000 in restitution to the IRS, from which he obtained $450,000 in false tax refunds.
Riley pleaded guilty to submitting a false loan application to the Navy Federal, which falsely overstated his income and allowed him to borrow $56,000 to buy a 2008 Audio A6.
Riley also was charged with fraudulently obtaining a credit card in the name of another person and using that credit card to make unauthorized charges.
