Glendale resident found guilty of bank fraud, ID theft

Glendale resident Rafael Parsadanyan was one of three men who were found guilty on Thursday of bank fraud and stealing the identities of hundreds of 99 Cents Only store customers.

The other two men, Mher Darbinyan and Arman Sharopetrosian, were also found guilty for their roles in the scam. They reportedly had ties to an organized crime ring called Armenian Power.

Prosecutors said Darbinyan obtained credit-card skimming devices and distributed to co-schemers who would then secretly plant them at 99 Cents Only stores across Southern California, resulting in a loss of more than $2 million for victims.

Darbinyan and Parsadanyan distributed the victims’ stolen information to co-schemers, who used fraudulent credit cards to withdraw from their bank accounts, according to the federal indictment.
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Follow Mark Kellam on Twitter: @LAMarkKellam.

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