Rapper Kafani was sentenced to serve 7 years in a federal prison for his role in a loan fraud and identity theft conspiracy scheme, according to the Department of Justice, reports KTVU.
Kafani, whose real name is Amir Rashad, is accused of being in the center of a ring that stole approximately $2 million from banks and lending institutions, the DOJ said.
Hicks obtained the personal identity of nine people, along with their credit history, and used that information to create fraudulent bank accounts, phone numbers and emails in the victim’ names, according to KTVU.
Hicks also applied for mortage refinance loans in their names as well. THE DOJ also says Kafani applied for eight loans, with some being approved.
With the money he got for the schemes, he purchased gold bars and coins that he and his co-conspirators would sell for cash.
A safe deposit box kept by the rapper’s relatives yielded over $40,000.
Hicks was given the longest sentence, 87 months in federal prison.
Photo Credit: CBS News
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