LYNN – A Lynn man was convicted on Monday in federal court of mail, wire and bank fraud, as well as aggravated identity theft to purchase cars and motorcycles.Steven Soto, 25, has been charged with participating in a scheme to defraud motorcycle and car dealerships, as well as banks, in connection with obtaining vehicles and financing for vehicles.In the scheme, Soto is said to have paid for the vehicles using counterfeit checks, while in other instances, he posed as an identity-theft victim and financed the purchase through automobile loans obtained in the name of the victim.District Judge Joseph L. Tauro has scheduled a sentencing for March 22, 2011. Soto faces up to 20 years in prison to be followed by three years of supervised release and a $250,000 fine on the charges of mail and wire fraud, and 30 years in prison to be followed by five years of supervised release and a $1 million fine on the charges of bank fraud.He faces a mandatory two year consecutive sentence on the charge of aggravated identity theft.The case was investigated by the U.S. Secret Service in cooperation with the Massachusetts State Police and the Lynn Police Department. It is being prosecuted by Assistant U.S. Attorney John A. Capin.Information regarding Soto?s conviction was provided by U.S. Attorney Carmen M. Ortiz?s office.