Ed Yarbrough
United States Attorney
Byron M. Jones
Assistant U.S. Attorney
TERRENCE JORDAN SENTENCED TO 24 MONTHS OF IMPRISONMENT
FOR BANK FRAUD SCHEME INVOLVING IDENTITY THEFT
Nashville, TN - March 31, 2008 - Ed Yarbrough, U.S. Attorney for the Middle District of Tennessee and Sarah Beth Pulliam, Special Agent in Charge of the United States Secret Service Nashville Field Office, announced today that Terrence Jordan, 26, of Chicago, Illinois was sentenced on Friday to serve 24 months of imprisonment for bank fraud.
Jordan was charged in a one count criminal information last August for his participation in a bank fraud scheme that occurred during the summer of 2003. The criminal information stated that Jordan obtained credit card account and checking account information belonging to customers of a men’s clothing store where he worked. Jordan used that credit card account and checking account information to fraudulently credit money to the personal accounts of several students at Tennessee State University in Nashville. The fraudulently credited funds were then withdrawn from the student accounts through automated teller machines and divided between Jordan and the students whose accounts he used. Jordan entered a guilty plea to the criminal information on December 14, 2007.
“Identity theft and the fraudulent use of personal financial information is a crime to which we all are vulnerable,” United States Attorney Ed Yarbrough said. “It is important that we vigorously pursue and prosecute identity thieves and those who steal personal financial information from the stream of everyday commercial transactions and fraudulently use that information for their personal gain. Young adults especially should beware and resist the temptation of schemes promising easy money. The risks of such schemes are much greater than the rewards and can have life altering consequences.”
Jordan also was ordered to pay restitution in the amount of $17,391 to Tennessee State University and to serve a three-year period of supervised release following his imprisonment.
This case was investigated by agents from the United States Secret Service. Assistant United States Attorney Byron Jones represented the United States.