By: Jeff Sommes
A New York man is facing federal charges for allegedly orchestrating a fraudulent scheme that exploited the personal identity of an elderly Hudson County resident to obtain business loans totaling approximately $150,000, according to a statement released by the U.S. Department of Justice.
Humza Khan, 28, of New York City, has been charged with one count of wire fraud and one count of aggravated identity theft.
He appeared before U.S. Magistrate Judge Stacey D. Adams in Newark federal court on July 2, 2025, and was released on a $100,000 unsecured bond pending further proceedings.
Federal prosecutors allege that in or around December 2020, Khan submitted a loan application on behalf of a Florida-based specialty pharmacy in which he had a financial stake.
To hide his involvement and secure approval, Khan is accused of using the name and Social Security number of a senior citizen residing in Hudson County, New Jersey, without that individual’s knowledge or consent.
Prosecutors say the falsified documentation led multiple lenders to approve and disburse loans totaling roughly $150,000.
The funds were intended as accounts receivable financing for the business.
If convicted, Khan faces a maximum sentence of 30 years in prison for the wire fraud charge, along with a $1 million fine or twice the amount of financial gain or loss, whichever is greater.
The aggravated identity theft charge carries a mandatory consecutive sentence of at least two years and a potential fine of up to $250,000.
The investigation is ongoing.