DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Four sentenced in NJ for their role in $30 million international bank fraud and ID theft ring

Posted on August 10, 2010 by Dissent

Four of 17 defendants, all of whom were convicted of conspiring to engage in an international telemarketing and identity theft scheme to defraud financial institutions and tens of thousands of account holders out of millions of dollars through the unauthorized debit of customer bank accounts (the “Telemarketing and Identity Theft Conspiracy”), were sentenced by United States District Court Judge Garrett E. Brown last week.

Shaun Rosiere, of Evergreen, Colorado, who pleaded guilty on September 17, 2009, was sentenced to 73 months of imprisonment and $1,768,690 in restitution. Diego Hernandez, of Miami, Florida, who was convicted by a federal jury on February 16, 2010 of one count of conspiracy to commit mail and wire fraud; one count of conspiracy to commit bank fraud; three counts of substantive wire fraud; and three counts of aggravated identity theft, was sentenced to 61 months of imprisonment and $52,877 in victim restitution. Robert Agostini, of Miami, Florida, who pleaded guilty on August 13, 2008, was sentenced to four months of home confinement, four months in a residential incarceration facility, five years of probation, and $251,927.99 in victim restitution. Jan Ludvik, who pleaded guilty to the conspiracy on May 21, 2009, as well as a separate conspiracy to defraud financial institutions and their account holders out of millions of dollars via the unauthorized debit of their accounts, was sentenced to 82 months of imprisonment. The Court adjourned determined of restitution until a later date.

Co-conspirators Siamak Saleki, 43, and Jan Ludvik, 26, a.k.a. “Thomas Palmer,” both of Montreal, Canada, were responsible for collecting and providing the names and personal banking account information of unsuspecting consumers to their co-conspirators in the United States. Rosiere, Hernandez, Agostini and other co-conspirators then charged the accounts of these unwitting victims using false and fraudulent demand drafts (checks not actually written by the customers, but instead generated by the co-conspirators), or Account Clearinghouse (“ACH”) debits. The majority of these fraudulent transactions subsequently were reversed through the banking system because they were drawn upon accounts that were nonexistent, closed, contained insufficient funds, or because customers alerted their bank in time to reverse the transaction. A smaller yet still significant percentage of the debits and withdrawals were not returned to the bank because the victim did not alert the bank in time to reverse the transaction.

In addition to the restitution ordered by Judge Brown, the government already has seized close to $2 million in illegal proceeds.

Source: U.S. Attorney’s Office, Newark

Related posts:

  • IRS’s Top 10 Identity Theft Prosecutions
  • IRS’s Top Ten Identity Theft Prosecutions
Category: Financial SectorID TheftTheftU.S.

Post navigation

← UK: Hackers steal from thousands of bank accounts in latest security breach
‘Kryogeniks’ hacker sentenced for Comcast hacking →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • Mississippi Law Firm Sues Cyber Insurer Over Coverage for Scam
  • Ukrainian Hackers Wipe 47TB of Data from Top Russian Military Drone Supplier
  • Computer Whiz Gets Suspended Sentence over 2019 Revenue Agency Data Breach
  • Ministry of Defence data breach timeline
  • Hackers Can Remotely Trigger the Brakes on American Trains and the Problem Has Been Ignored for Years
  • Ransomware in Italy, strike at the Diskstation gang: hacker group leader arrested in Milan
  • A year after cyber attack, Columbus could invest $23M in cybersecurity upgrades
  • Gravity Forms Breach Hits 1M WordPress Sites
  • Stormous claims to have protected health info on 600,000 patients of North Country Healthcare. The patient data appears fake. (2)
  • Back from the Brink: District Court Clears Air Regarding Individualized Damages Assessment in Data Breach Cases

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • The EU’s Plan To Ban Private Messaging Could Have a Global Impact (Plus: What To Do About It)
  • A Balancing Act: Privacy Issues And Responding to A Federal Subpoena Investigating Transgender Care
  • Here’s What a Reproductive Police State Looks Like
  • Meta investors, Zuckerberg to square off at $8 billion trial over alleged privacy violations
  • Australian law is now clearer about clinicians’ discretion to tell our patients’ relatives about their genetic risk
  • The ICO’s AI and biometrics strategy
  • Trump Border Czar Boasts ICE Can ‘Briefly Detain’ People Based On ‘Physical Appearance’

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.