Oakton Man To Pay $3.2M After Identity Fraud Scheme

OAKTON, VA—A former bank vice president from Oakton faces prison time and will pay millions for losses relating to a fraud and identity theft scheme.

The government believes Kirk Russel Marsh, 39, caused over $3.2 million in losses during his time as vice president at Virginia Commerce Bank (VCB) and Fulton Bank. He has been sentenced to 78 months in prison and must pay $3.2 million in restitution and forfeit $8.6 million in assets.

Prosecutors say that Kirk Russel Marsh, 39, forged signatures of top VCB officials to fraudulently issue $1.25 million in loans to small businesses.

At Fulton Bank, he used a former client's personal information to receive $1 million line of credit, which he used to purchase Wave Software, another client's software company, and make the down payment on his house. He also used another client's line of credit to make $485,000 in purchases for Wave Software.

After Fulton Bank fired Marsh, he pretended to buy Revive You Media, a beauty products company, in attempts to secure financing. He used personal information of former clients and family members to try and secure financing. The attempted lost was estimated to be over $10 million.

Marsh pleaded guilty to wire fraud, bank fraud, and aggravated identity theft in August.

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