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Former Fed Bank Worker Admits to ID Theft

(CN) - A former Federal Reserve Bank employee pleaded guilty to aggravated identity theft and bank fraud after he used stolen identities to take out student loans, according to prosecutors in Manhattan.

Curtis Wiltshire, 34, of Staten Island, N.Y., worked as an information and technical analyst at the Federal Reserve Bank in New York. According to prosecutors, Wiltshire stole the identities of bank employees - including their names, birthdates, Social Security numbers and photos - to obtain multiple student loans from various banks.

The scheme resulted in a total loss of about $200,000, the U.S. Attorney's Office in Manhattan said.

Wiltshire faces up to 30 years in prison and $1 million in fines for the bank fraud charge. The aggravated identity theft charge carries a mandatory two-year prison sentence.

Wiltshire is scheduled to appear in district court on Jan. 8, U.S. attorney Preet Bharara said in a statement. Bharara also praised the coordinated investigation of the FBI and U.S. Postal Inspection Service.

The case is being prosecuted by U.S. attorneys Daniel Levy and Zachary Feingold.

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