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Ex-NY Fed Worker Going to the Big House

MANHATTAN (CN) - A former employee of the Federal Reserve Bank of New York was sentenced to 40 months in federal prison, and his brother was sentenced to 57 months for stealing identities of Federal Reserve employees and using the information to seek more than $450,000 in student loans.

Curtis Wilshire, an information and technical analyst for the Federal Reserve, swiped the personal information in 2006, prosecutors said. He provided it to his brother, Kenneth, and both brothers sought more than $450,000 in fraudulent student loans. Kenneth also tried to get another $525,000 in loans for a boat and RV.

The brothers went to some lengths, the U.S. Attorney's Office said, including creating bogus college transcripts, fake IDS - some of which contained photos of Federal Reserve employees, and bogus utility bills, tax returns and W-2s.

Kenneth, 41, was ordered to pay more than $1 million in restitution and to forfeit $525,160.

Curtis, 35, was ordered to forfeit $200,000. He also will be ordered to pay restitution.

Both brothers lived on Staten Island.

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