- Associated Press - Friday, January 22, 2016

TRENTON, N.J. (AP) - A New York man has been sentenced to more than four years in prison for participating in one of the largest credit card fraud schemes ever exposed.

Fifty-five-year-old Shafique Ahmed of Floral Park, New York, previously pleaded guilty to conspiracy to commit bank fraud. He was sentenced to a 51 month term in a New Jersey federal court on Friday.

Ahmed and others were charged three years ago with being part of a conspiracy to create more than 7,000 fake identities to obtain tens of thousands of credit cards.

Federal prosecutors estimate the group caused more than $200 million in losses to businesses and financial institutions.

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