A former Bank of America teller was sentenced this week in federal court for bank fraud and identity fraud. Jeffrey C. Gautreaux, 26, of Peabody, Massachusetts was sentenced by U.S. District Judge Nathaniel M. Gorton to 41 months in prison, to be followed by 3 years of supervised release, with an order to pay $…
Category: Financial Sector
Spain uses stolen HSBC data for tax probe
Spain has become the latest country to tap data stolen from HSBC’s Swiss private banking arm by an IT employee to hunt down tax evaders…. according to local media reports, details on around 3000 accounts, which could hold around EUR6 billion, have been given to Spanish authorities. More on Finextra.
TX: Cases of identity theft reported
Thayer Evans has a report on fraud reports out of Texas that reminds us that sometimes fraud may not occur until years after a compromise or breach: League City police have received 15 to 20 reports of identity theft in the last two to three weeks, League City Police Lt. Bruce Whitten said. […] The…
Fraudulent Telephone Calls Allowing Fraudsters Access to Consumer Financial and Brokerage Accounts
The FBI Newark Division released a warning to consumers concerning a new scheme using telecommunications denial-of-service (TDoS) attacks. The FBI determined fraudsters compromised victim accounts and contacted financial institutions to change the victim profile information (i.e. email addresses, telephone numbers and bank account numbers). The TDoS attacks used automated dialing programs and multiple accounts to…
St. Francis Federal Credit Union accounts may have been compromised
Saint Francis Federal Credit Union officials said that 8,400 account holders’ information may be at risk after the loss of a backup tape that contained customer information. Officials said the tape may have been destroyed during a “trash removal process,” but that they have been unable to confirm this. Read more on Tulsa World.
J.P. Morgan Chase employee pleads guilty to selling customer profiles
Dennis C. Pfannenschmidt, United States Attorney for the Middle District of Pennsylvania, announced that a Monroe County woman pleaded guilty before Senior U.S. District Court Judge William J. Nealon to participating in a scheme with others to access and unlawfully obtain more than $60,000 from accounts in a New Jersey bank. Pfannenschmidt stated that Christine…