NEWS United States Attorney’s Office

RELEASE Central District of California

George S. Cardona
Acting United States Attorney
For Immediate Distribution
Thom Mrozek, Public Affairs Officer
November 24, 2009 (213) 894-6947
thom.mrozek@usdoj.gov
www.usdoj.gov/usao/cac

THREE FAMILY MEMBERS WHO USED IDENTITY THEFT IN CREDIT

CARD ‘BUST-OUT’ SENTENCED TO FEDERAL PRISON TERMS

SANTA ANA, California – Three members of a Los Angeles family who operated
a credit card “bust-out” scheme in the neighborhoods surrounding the Little Armenia
section of Los Angeles have been sentenced to up to eight years in federal prison after
pleading guilty to fraud charges.
Arutyun Sarkisyan, 27, of the Silverlake section of Los Angeles, the leader of an
identity theft ring with co-schemers in the United States and Russia, was sentenced
yesterday evening to 96 months in federal prison. Arutyun Sarkisyan pleaded guilty
earlier this year to one count of bank fraud in a scheme that netted just over a quarter-
million dollars.
Arutyun Sarkisyan's brother, Ara Sarkisyan, 23, of Silverlake, received a
sentence of 41 months imprisonment. Sarkisyan's mother, Asmik Sarkisyan, 48, of
Silverlake, received a sentence of 15 months imprisonment.
All three defendants were sentenced late yesterday by United States District
Judge Andrew Guilford, who also ordered them to pay a total of $263,291 in restitution
to Chase Bank. During the nearly four-hour sentencing hearing, Judge Guilford
repeatedly referenced the seriousness of bank fraud offenses and of the injuries
suffered by victims of identity theft, whose credit is often damaged or destroyed by this
crime.
In a 46-count indictment returned by a federal grand jury in Los Angeles in
December 2008, the three Sarkisyans and four others were charged with a scheme to
defraud Chase Bank USA. According to the indictment and other court documents,
members of the conspiracy bilked Chase Bank by posing as Chase Bank credit card
account holders and, using personal identification information belonging to the
legitimate account holders, requesting that an authorized user be added to victims’
credit card accounts. Members of the conspiracy would then ask Chase Bank to issue
an additional credit card in the name or alias of one of the defendants or another
co-schemer. After fraudulently obtaining a credit card, members of the scheme would
“bust out” the credit card by obtaining cash advances at banks and casinos, or by
purchasing jewelry and other high-end merchandise at department stores including
Saks Fifth Avenue.
Arutyun Sarkisyan and Ara Sarkisyan have been in custody since last November.
Judge Guilford remanded Asmik Sarkisyan into custody following the pronouncement of
her sentence.
Two other defendants in this case were sentenced by Judge Guilford earlier this
year. Arutyun Sarkisyan's cousin, Parunak Tukmanyan, 27, and Alexandr Moshkov, 21,
both of Los Angeles, were sentenced to 24 and 18 months in prison, respectively.
There are two fugitives in this case. Giyosiddin Nizomov, 30, and Bunyod
Sharipov, 23, both of Los Angeles, were indicted in the scheme and have been fugitives
for over one year. Authorities believe they have fled to Tajikistan. (See the United
States Postal Inspection Service’s Most Wanted website at
https://postalinspectors.uspis.gov/pressroom/wanted.aspx.)
The case against Arutyun Sarkisyan and his six co-defendants is one of 10
related indictments that charge a total of 16 defendants. Other defendants charged
separately with various fraud offenses include Arutyun Sarkisyan's mother-in-law, his
sister's father-in-law, and other relatives and friends.
The investigation of this case was conducted by the Identity Theft and Economic
Crime (ITEC) Task Force which is sponsored by the Los Angeles Division of the United
States Postal Inspection Service. Members of ITEC include Postal Inspectors, and
agents and detectives from the United States Secret Service, the Los Angeles Police
Department, and the Los Angeles County Probation Department - Special Enforcement
Operations Unit. Significant assistance was provided by numerous financial institutions,
including Chase Bank. ITEC was established in 2004 in response to increased
complaints of identity theft in Southern California. Since its inception, the ITEC Task
Force has arrested over 261 suspects, executed nearly 530 search warrants, and
seized more than $2.4 million in assets.

CONTACT: Assistant United States Attorney Joseph N. Akrotirianakis

Major Frauds Section
(213) 894-2467
joseph.akrotirianakis@usdoj.gov

Release No. 09-139