Atlanta Business Chronicle provides a follow-up on a case previously covered on this site. A former Wachovia Bank employee from Hampton, Ga., was sentenced Monday to four and half years in federal prison for bank fraud and aggravated identity theft in connection with selling customers’ bank account information and Social Security numbers while employed in…
Category: Financial Sector
Banks Siding Against the Customer in Fraud Cases
Naomi Wolf recounts the ugly story of her interactions with WaMu when she reported suspected fraud on her account. … I noticed eventually that checkbooks were missing from my home, and finally my accountant got enough of the records to see an unmistakable pattern of fraud, and called my attention to it. I filed a…
$9 Here, 20 Cents There and a Credit-Card Lawsuit
Randall Stross reports: It’s easier to steal a million dollars a dollar at a time than a million dollars once. So goes an old saying. If the allegations in a civil case filed in a federal court in Chicago hold up, you can even haul off $10 million if you stick to $9 here or…
EMI v. Comerica: Court Finds Commercially Reasonable Security — Bank Loses Motion for Summary Judgment
David Navetta provides a legal analysis of the court’s denial of the bank’s motion for summary judgment in the case. An odd result — we know. We previously reported on the lawsuit filed by Experi-Metal, Inc. (“EMI”) and the subsequent motion for summary judgment (and briefs) filed by Comerica Bank to have the case dismissed….
Insider wrongdoing at StoresOnline just one of breach reports to Maryland
The Maryland Attorney General’s Office received 14 breach reports in April. Three of them revealed breaches not previously covered in the media or on this site, and a few others provided new numbers or details on breaches we already knew about. Newly revealed: Utah-based StoresOnline reported that an employee misused the credit card information of…
More breaches reported to Maryland that we didn’t know about
In response to a Freedom of Information request, Maryland Attorney General’s Office sent me the 14 breach reports they received in March of this year. Of the 14, six were never previously reported on this site and four others gave us breach reports for incidents that we were aware of but had few details for:…