Sacto 9-1-1
August 21, 2013
Rancho Cordova man indicted for bank fraud

A Rancho Cordova man has been indicted by a federal grand jury for his alleged role in a scheme to obtain $141,000 worth of gold coins.

Garik Voskanyan, 30, of Rancho Cordova and Karapet Damaryan, 63, of Glendale, are charged with bank fraud and identity theft, according to a federal Department of Justice news release.

A federal grand jury returned the two-count indictment Aug. 15. The indictment alleges that Damaryan and Voskanyan were part of a scheme to take control of another person's bank account and wire money to a gold bullion dealer in Placerville in exchange for 96 gold coins worth approximately $141,000. According to court documents, the defendants were caught by Placer County sheriff's deputies when they arrived to take possession of the gold coins.

Damaryan also is charged with aggravated identity theft for allegedly using a false driver's license in the name of the victim during the bank fraud scheme.

Damaryan and Voskanyan made an initial appearance in court Tuesday and were released on $50,000 bond each. They are to be arraigned Friday before U.S. District Judge Carolyn K. Dalaney.

The case resulted from an investigation by the U.S. Secret Service and the Placer County Sheriff's Office.

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