Judge seat and gavel in court room — Judge Seat And Gavel In Court Room

NEWARK, N.J. — A New York City man has been charged with wire fraud and aggravated identity theft for allegedly using stolen personal information to obtain fraudulent business loans totaling $150,000, federal prosecutors said.

Humza Khan, 28, of New York, appeared in Newark federal court on July 2 and was released on a $100,000 unsecured bond, U.S. Attorney Alina Habba announced.

According to court documents and statements made in court, Khan submitted multiple loan applications in December 2020 using the personal information—including the name and Social Security number—of an elderly Hudson County, N.J. resident without authorization. The false applications were used to secure financing for a Florida-based specialty pharmacy in which Khan held a financial interest.

The fraudulent misrepresentations led lenders to issue approximately $150,000 in funding, prosecutors said.

Khan is charged with one count of wire fraud and one count of aggravated identity theft. The wire fraud count carries a maximum sentence of 30 years in prison and a $1 million fine or twice the gross gain or loss. The identity theft charge includes a mandatory minimum sentence of two years, served consecutively, and a fine of up to $250,000.

The U.S. Postal Inspection Service, IRS-Criminal Investigation, and FBI participated in the investigation.

The case is being prosecuted by Assistant U.S. Attorney George Brandley of the Health Care Fraud and Opioids Enforcement Unit.

Federal prosecutors say a New York man used a New Jersey senior’s identity in a $150K loan fraud scheme.

Phil Stilton Latest posts

Phil Stilton is the Editor and Publisher of Shore News Network, an independent digital newsroom providing original reporting on New Jersey, national news, government, public policy, public safety, courts, and community affairs.

As founder of the publication, Stilton leads editorial strategy, investigative reporting, and daily newsroom operations while overseeing coverage that reaches millions of readers annually.

With extensive experience covering municipal government, county government, state legislatures, elections, law enforcement, emergency management, and public records, Stilton specializes in translating complex government actions into clear, factual reporting. His work frequently relies on primary source documents, including court filings, legislation, public meeting records, election finance disclosures, government databases, police reports, and Freedom of Information and Open Public Records Act (OPRA) requests. He has reported extensively on local government accountability, taxpayer spending, campaign finance, public corruption investigations, infrastructure, public safety, and the policies affecting New Jersey residents.

Under Stilton's editorial leadership, Shore News Network has grown into one of New Jersey's largest independent digital news organizations, publishing thousands of original news articles each year while providing breaking news coverage, investigative reporting, and analysis across state and local government. The publication's reporting is routinely sourced from official government agencies, public officials, court records, and firsthand documentation, with a commitment to transparency, attribution, corrections when warranted, and clearly distinguishing factual reporting from opinion.

Stilton's journalism follows established newsroom standards emphasizing accuracy, verification, fairness, and accountability. Every effort is made to verify information through official records and multiple reliable sources before publication. His reporting is intended to provide readers with timely, well-documented information that helps them understand the issues affecting their communities, while maintaining editorial independence from political parties, government agencies, advocacy organizations, and commercial interests.

Readers can submit story tips, corrections, public records, or media inquiries through the official Shore News Network website or its verified social media channels. Shore News Network welcomes corrections and updates when new information becomes available as part of its ongoing commitment to accurate and transparent journalism.