DataBreaches.Net

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

MN: Bankers’ breaches to help ID theft ring lead to prison

Posted on July 18, 2012 by Dissent

Dan Browning reports:

Two former bankers convicted of aggravated identity theft and helping an international crime organization based in the Twin Cities to bilk more than $50 million from U.S. banks apologized for their crimes Wednesday and pleaded with a judge to go easy on them.

But Chief U.S. District Judge Michael Davis flatly rejected the idea.

[…]

Michael Padden, the attorney representing former Wells Fargo banker Fawsiyo Hassan Farah, 43, of Brooklyn Park, said his client had no prior criminal record and played a minor role in the conspiracy. He said she made only about $1,000 for giving the crime ring information and opening a bank account at Wells Fargo that was used to steal $94,500. He asked that she be sentenced to probation.

Lucas Wilson, the attorney representing Michael Kweku Asibu, 38, a former Eagan resident now living in Waterbury, Conn., said his client’s participation in the fraud ring was not motivated greed, but rather, by the need to help his ailing parents in Ghana. Asibu had been a personal banker at Bremer Bank and Associated Bank. He pleaded guilty in 2011 to embezzling money from certificates of deposit, money market accounts, savings and checking accounts.

Read more on The Star Tribune.


Related:

  • Two more entities have folded after ransomware attacks
  • Microsoft Releases Urgent Patch for SharePoint RCE Flaw Exploited in Ongoing Cyber Attacks
  • Michigan ‘ATM jackpotting’: Florida men allegedly forced machines to dispense $107K
  • Premier Health Partners issues a press release about a breach two years ago. Why was this needed now?
  • Bitcoin holds steady as hackers drain over $40 million from CoinCDX, India's top exchange
  • Missouri Adopts New Data Breach Notice Law
Category: Breach IncidentsFinancial SectorID TheftInsiderU.S.

Post navigation

← OR: Search warrant documents student’s computer hacking
Hacker claims breach of 50,000 accounts from Wall Street IT recruiting firm →

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

  • Clorox Files $380M Suit Alleging Cognizant Gave Hackers Passwords in Catastrophic 2023 Cyberattack
  • Cyberattacks Paralyze Major Russian Restaurant Chains
  • France Travail: At least 340,000 job seekers victims of new hack
  • Legal Silence and Chilling Effects: Injunctions Against the Press in Cybersecurity
  • #StopRansomware: Interlock
  • Suspected XSS Forum Admin Arrested in Ukraine
  • PowerSchool commits to strengthened breach measures following engagement with the Privacy Commissioner of Canada
  • Hungarian police arrest suspect in cyberattacks on independent media
  • Two more entities have folded after ransomware attacks
  • British institutions to be banned from paying ransoms to Russian hackers

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

  • Meta Denies Tracking Menstrual Data in Flo Health Privacy Trial
  • Wikipedia seeks to shield contributors from UK law targeting online anonymity
  • British government reportedlu set to back down on secret iCloud backdoor after US pressure
  • Idaho agrees not to prosecute doctors for out-of-state abortion referrals
  • As companies race to add AI, terms of service changes are going to freak a lot of people out. Think twice before granting consent!
  • Uganda orders Google to register as a data-controller within 30 days after landmark privacy ruling
  • Meta investors, Zuckerberg reach settlement to end $8 billion trial over Facebook privacy violations

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.