EAST ST. LOUIS, Ill. (KSDK) - A Madison, Ill. man has pleaded guilty to federal charges.
Gordon D. Caldwell, 46, pleaded guilty Friday to conspiracy to possess and pass counterfeit securities, wire fraud, and aggravated identity theft.
Caldwell admitted during his plea that between April 2011 and Aug. 2012 he conspired with other to use fake cashier's checks of banks to defraud people in Missouri and Illinois who listed vehicles for sale.
He said he would go to the location of the vehicle and use fake identification and a fake cashier's check to purchase the vehicles. He said he also obtained fake vehicle titles to take out loans on two occasions.
Caldwell faces a mandatory prison sentence of two years on the identity theft charge, but could face up to 27 years in prison. He will also be required to pay restitution.