Senior Deputy Dist. Atty. Randy Pawloski said.
The women also stole identities of other victims to set up a Ponzi
scheme, he said.
The two women used the money to live a lavish lifestyle, including
cosmetic surgery and trips to posh New York hotels and Las Vegas
casinos, Pawloski said.
The complicated plot started in 2000 when Adamian worked as an
executive assistant for a high-end financial investment company in
Newport Beach, where Smirien also briefly worked.
Adamian used a company computer and fax machine to apply for and
get the loan on a wealthy client's life insurance policy, Pawloski
She deposited the money in an online bank account for which both
she and Smirien had ATM cards.
Newport Beach detectives used phone, bank and toll road
transponder records to retrace the women's steps.
Investigators also discovered personal identifying information
inside the homes of friends, neighbors and co-workers of the women,
They attempted to set up an online trading account using some of
the information and had flow charts detailing a Ponzi scheme, he
The women were arrested in 2003 and were free on $50,000 bail
until Tuesday's convictions.
Both were convicted of three counts of identity theft and one
count of theft.
Adamian was convicted of an additional identity theft charge and
of making a false financial statement.
Both are in jail awaiting sentencing, scheduled for July 8 in
Orange County Superior Court.
Smirien faces up to eight years, four months in prison. Adamian
faces up to nine years.