A Fresno man is sentenced for identity theft and an extensive fraudulent bonding scheme.
57 year-old Abel Martin Carreon, will serve five years and five months in prison for one count of mail fraud and one count of aggravated identity theft,
The United States and government contractors paid Carreon for false and fraudulent payment and performance bonds, which resulted in a loss of approximately $1,250,000.
Carreon was ordered to pay $1,253,000 in restitution.
From April 2005 TO May 2011, Carreon carried out a scheme to defraud the United States and private companies seeking to perform contracted work for the United States.
Through his company Tripartite Escrow Corporation he offered bonding services to prospective government contractors throughout the U.S. that included bid bonds to secure a bid on a government contract and performance and payment bonds to insure the work on a government contract.
