Vivian Yee reports: No lives were lost in the huge fire that gutted a storage building on the Williamsburg waterfront over the weekend. But the flames put plenty of lives on display as the crumpling warehouse belched up its contents: decades’ worth of charred medical records, court transcripts, lawyers’ letters, sonograms, bank checks and more….
Category: Financial Sector
Has Hirsche Private Asset Management Ltd. gone dark after disclosing breach?
On January 7, this site posted a press release from Hirsche Private Asset Management Ltd. announcing what appears to have been attacks that compromised their clients’ information. Since that time, they have revealed no additional details, and their web site returns 403 and 404 error messages. A bit of digging reveals that Hirsche Private Asset Management Ltd….
FL: Identity Thief Sentenced To More Than Ten Years In Federal Prison
Tampa, Florida – U.S. District Judge Charlene Edwards Honeywell has sentenced Cordell Jones to ten years and one month in federal prison for conspiracy to commit wire fraud. As part of his sentence, the Court also entered a money judgment in the amount of $1,469,435, the proceeds of the charged criminal conduct. Jones pleaded guilty…
Courts Address the Level of Security Banks Must Provide to Business Accounts
Angel Diaz writes: Big or small, all bank accounts are susceptible to hijacking and fraudulent wire transfers. Banks ordinarily bear the risk of loss for unauthorized wire transfers. Two independent frameworks exist to govern these transfers: the Electronic Fund Transfer Act (“EFTA”) for consumer accounts, and Article 4A of the Uniform Commercial Code (“UCC”) for…
PA: Woman Charged In A Multi-State Bank Fraud And Identity Theft Scheme
The United States Attorney for the Middle District of Pennsylvania announced today that an indictment was returned by a grand jury charging a New York woman with bank fraud and aggravated identity theft. Njeri Bowen, age 26, a resident of New York, defrauded a PNC Bank in State College and more than 25 PNC Bank…
Thieves hit 13 Wells Fargo mortgage offices in 5 states to steal IDs
Scott Daugherty reports: They drove up and down the East Coast trying to break into Wells Fargo mortgage offices, according to court documents. New York, New Jersey, Pennsylvania, Connecticut and Maryland. Thirteen locations in all. Jeffrey “Lef” Washington and his crew weren’t interested in cash, though. The money would come later. They wanted the personal…