NEW YORK -- A Queens, N.Y., man has been indicted for his role in an identity-theft scheme that defrauded several financial institutions out of more than $1.5 million, New York Attorney General Eliot Spitzer said Thursday.

Prosecutors have alleged that Fayyaz Ahmed, 39, fraudulently obtained about $1.4 million from financial institutions through home-equity loans and lines of credit using the personal identification information of two Staten Island residents. The institutions included units of Washington Mutual Inc., Wachovia Corp. and Wells Fargo & Co.

The government also has alleged that Ahmed purchased more than $180,000 in goods and services by using stolen identities to obtain credit cards. The cards were obtained from a number of credit-card providers, including units of JPMorgan Chase & Co., Citigroup Inc. and American Express Co.

There was no phone listing for Ahmed in Queens and his lawyer couldn't immediately be located Thursday.

Spitzer said Ahmed has been charged with six counts of grand larceny in the second degree; 17 counts of identity theft in the first degree; two counts of a scheme to defraud in the first degree; 19 counts of forgery in the second degree; and 11 counts of money laundering in the fourth degree.

He faces up to 15 years in prison on each second-degree grand larceny charge, Spitzer said.