Wednesday, December 21, 2011

55 Indicted In Insider Cybercrime Scheme - - 19 Dec 2011

MANHATTAN—Fifty-five individuals have been indicted for their participation in an organized identity theft and financial crime ring that relied on corrupt employees at banks, a non-profit institution, a high-end car dealership, and a real estate management company to steal and traffic in the names, dates of birth, addresses, Social Security numbers, and financial account information of unsuspecting victims.

The conspirators used the stolen information in a variety of schemes designed and executed to defraud both the victims who had provided their information to the organizations where the insiders worked and the financial institutions themselves.

The various defendants are charged in five separate indictments, which accuse them of stealing the identities of more than 200 individuals and organizations, many of them who were repeatedly victimized, and stealing more than $2 million from a number of financial institutions, including JP Morgan Chase Bank (Chase Bank), TD Bank, Citibank, Discover, and American Express.
The charges include first degree conspiracy to commit grand larceny, second, third and fourth degree grand larceny, fourth degree criminal possession of stolen property, second degree identity theft and criminal possession of a forged instrument.

The crimes charged in the indictments occurred between May 2010 and September 2011. The investigation is continuing.

The indictments and arrests are the culmination of an 18-month investigation, which used court-ordered eavesdropping, physical surveillance, computer forensics, and extensive analysis of credit card, banking and phone records.

details on 

No comments: