New York man charged with wire fraud and identity theft in $150K loan scheme

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NEWARK, N.J. — A New York City man has been charged with wire fraud and aggravated identity theft for allegedly using stolen personal information to obtain fraudulent business loans totaling $150,000, federal prosecutors said.

Humza Khan, 28, of New York, appeared in Newark federal court on July 2 and was released on a $100,000 unsecured bond, U.S. Attorney Alina Habba announced.

According to court documents and statements made in court, Khan submitted multiple loan applications in December 2020 using the personal information—including the name and Social Security number—of an elderly Hudson County, N.J. resident without authorization. The false applications were used to secure financing for a Florida-based specialty pharmacy in which Khan held a financial…