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CU System brief (04/10/2012)
  • SACRAMENTO, Calif. (4/11/12)--Ricky Flemings, 28, of Antelope, Calif., a member of Sacramento, Calif.-based Schools Financial CU,  pleaded guilty Friday to two counts of mail fraud stemming from a plan that involved claiming identity theft and allegedly getting credit reporting agencies to remove legitimate loans from his credit report to increase his credit score. The plan deceived Experian and other credit reporting agencies.  Flemings allegedly exploited provisions of the Fair Credit Reporting Act by taking out fraudulent loans from Oct. 1, 2005, through Nov. 12, 2009. He allegedly contacted Experian on multiple occasions, falsely reporting he was a victim of identity theft and demanding entries be removed from his credit report.  Experian blocked 162 inquiries and 40 trade lines from his report, which enabled Flemings to seek more credit. He received financing between July 9 and Sept. 5, 2009, from Schools Financial for a vehicle and a boat.  He allegedly then contacted Experian and asked for the entries to be removed from his credit report.  Sentencing is set for July 6 (Sacramento Bee April 7) …


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