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:

  • ModMed revealed they were victims of a cyberattack in July. Then some data showed up for sale.
  • Protected health information of 462,000 members of Blue Cross Blue Shield of Montana involved in Conduent data breach
  • Resource: NY DFS Issues New Cybersecurity Guidance to Address Risks Associated with the Use of Third-Party Service Providers
  • TX: Kaufman County Faces Cybersecurity Attack: Courthouse Computer Operations Disrupted
  • Attorney General James Announces Settlement with Wojeski & Company Accounting Firm
  • JFL Lost Up to $800,000 Weekly After Cyberattack, CEO Says No Patient or Staff Data Was Compromised
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

  • Threat actors have reportedly launched yet another campaign involving an application connected to Salesforce
  • Russian hackers target IVF clinics across UK used by thousands of couples
  • US, allies sanction Russian bulletproof hosting services for ransomware support
  • Researchers claim ‘largest leak ever’ after uncovering WhatsApp enumeration flaw
  • Large medical lab in South Africa suffers multiple data breaches
  • Report released on PowerSchool cyber attack
  • Sue The Hackers – Google Sues Over Phishing as a Service
  • Princeton University Data Breach Impacts Alumni, Students, Employees
  • Eurofiber admits crooks swiped data from French unit after cyberattack
  • Five major changes to the regulation of cybersecurity in the UK under the Cyber Security and Resilience Bill

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

  • Closing the Privacy Gap: HIPRA Targets Health Apps and Wearables
  • Researchers claim ‘largest leak ever’ after uncovering WhatsApp enumeration flaw
  • CIPL Publishes Discussion Paper Comparing U.S. State Privacy Law Definitions of Personal Data and Sensitive Data
  • India’s Digital Personal Data Protection Act 2023 brought into force
  • Five major changes to the regulation of cybersecurity in the UK under the Cyber Security and Resilience Bill

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net
Security Issue: security[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.