Couple Pleads Guilty in $2M Credit Card Scam

A Glendale man and a Hollywood Hills woman pleaded guilty Monday to participating in a scheme in which nearly $2 million was fraudulently charged in less than a year to credit cards often opened with identities created with a combination of real and fraudulent information.

Mikayel Hmayakyan, 43, admitted to using the cards to purchase hundreds of thousands of dollars in liquor, luxury watches and cemetery lots that were later sold for profit, according to the US Attorney’s Office.

Hmayakyan pleaded guilty to two bank-fraud counts and one count of aggravated identity theft. US District Judge George H. Wu scheduled a November 16 sentencing hearing, at which time Hmayakyan will face up to 62 years in federal prison.

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Co-defendant Gayane Hakobyan, 70, pleaded guilty to one bank-fraud count, admitting that she allowed others to open credit card accounts in her name. She faces up to 30 years in federal prison, with sentencing scheduled for October 8…  Los Angeles Daily News

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