The Westchester County District Attorney’s office announced that a nine count indictment was handed up charging Razvan Apostol, 31, a citizen of Romania staying in Queens, New York, with eight counts of Criminal Possession of a Forged Instrument, and one count of Unlawful Possession of a Skimmer Device. On August 17, 2010, in the Town…
Category: Financial Sector
ACH Case: Headed to Trial?
Linda McClasson writes: A series of motions in the Experi-Metal vs. Comerica Bank case indicate that this high-profile ACH fraud conflict could be headed for a jury trial. Both sides have filed recent motions, with EMI requesting a jury trial and Comerica asking for a non-jury trial. The case is set to be heard after mid-November, with Nov. 16…
UK: Fraudster must pay £30,000
Polly Rippon reports: A conman from Sheffield who masterminded conspiracies to defraud high street bank customers out of hundreds of thousands of pounds has been ordered to pay back nearly £30,000 to the authorities. Lawrence Siaw, aged 36, recruited bank workers to steal customers’ account details, then used them to plunder huge sums from their…
Report: RBS WorldPay Hacker Gets Four Years’ Probation
Robert McMillan reports: The mastermind behind one of the biggest hacking paydays in history has been sentenced to four years’ probation and an US$8.9 million fine, according to published reports. Victor Pleshchuk, 28, was sentenced to four years’ probation on Wednesday, according to Bloomberg News. He is considered the leader of a group of criminals who…
JM: First persons charged under Cyber Crimes Act
Jamaica’s Cyber Crimes Act was enacted earlier this year. Now two people who were observed acting suspiciously in front of an ATM while in possession of access and cloning devices have become the first individuals charged under the new law. The Jamaica Observer has the story.
Heartland Payment Systems, Discover Agree To $5 Mln Intrusion Settlement
Heartland Payment Systems said it reached a settlement agreement with Discover Financial Services (DFS) related to the 2008 criminal intrusion of Heartland’s payment system environment. Under the agreement, Heartland would pay Discover $5 million, resolving all issues related to the 2008 intrusion. “This settlement marks our final agreement with a card brand related to the…