Justin Harper reports: The recession has led to a surge in financial fraud with identity theft up by almost a third, latest industry figures have revealed. A worrying trend is emerging where criminals take over the running of your bank account and transfer funds into an account they have set up to accept these bogus…
Category: ID Theft
CA: Credit card scammer pleads guilty
Ronald Leon Marshall, 53, of Los Angeles, has pleaded guilty in federal court to four counts of using unauthorized credit cards to defraud Central Valley merchants and credit card companies, says U.S. Attorney Benjamin Wagner. Mr. Marshall admitted that for six weeks in 2008 he used stolen and otherwise unauthorized credit card numbers to buy…
(follow-up) RI: Ringleader of credit card scheme gets 11 years
NBC10 reports: A federal judge Friday sentenced Eric Snead, 33, of Providence, to 11 years in prison for orchestrating an identity theft and credit card fraud scheme. Snead and co-conspirators compromised the accounts of nearly 50 victims and defrauded banks of more than $400,000 by obtaining duplicate credit cards of victims’ accounts and using the…
MN: Stolen mortgage info led to spree
James Walsh reports: Jason Alan Tauer worked for Ameriquest Mortgage Company as a mortgage associate for only six weeks. Turned out to be a pretty fruitful month and a half for Tauer — and a pretty costly one to nearly 100 people and several financial institutions. Using personal information he lifted from the mortgage applications…
MA: Former Revere resident details family’s national credit card fraud, ID theft scheme
Details of a Revere family’s nationwide credit card and identification theft scheme were disclosed by a convicted family member who testified Friday at the federal court trial of the lone remaining defendant, an associate from Texas. Donald Desimone, Jr., 45, formerly of 43 Hight St., Revere, who currently awaits a February sentencing, described the massive…
(follow-up) NY: White Plains Entrepreneur Sentenced to 76 Months in Prison for Identity Theft
Preet Bharara, the United States Attorney for the Southern District of New York, announced that Terrence Chalk, the former CEO of Compulinx Managed Services, was sentenced yesterday to 76 months in prison for his participation in a conspiracy to make false statements and representations to financial institutions in connection with applications for loans, lines of…