Armenian Power gang associate gets 13-year term for conspiracy that bilked elderly of $3.5M

We also have more stories about:
(click the phrases to see a list)



LOS ANGELES — An associate of the Armenian Power gang has been sentenced to more than 13 years in prison for his role in a conspiracy that bilked elderly bank customers of more than $3.5 million.

Federal prosecutors say Andranik Aloyan (an-DRAN'-nick ah-LOY-ahn) of Los Angeles was ordered Monday to repay the stolen money.

Assistant U.S. Attorney Martin (mar-TEEN') Estrada says Aloyan was a fraud specialist with the gang formed in Hollywood in the 1980s.

He was convicted in February of a racketeering conspiracy, identification theft, attempted bank fraud and possession of a firearm by a convicted felon.

Estrada says Aloyan used stolen information to siphon funds from 80 mostly elderly bank customers who had a combined $25 million in the bank.

Aloyan, 41, was among 90 people charged in federal court with related crimes.

All content copyright ©2014 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528