Leah Hope reports that the number of ID theft victims who all used an H&R Block service is growing: Dozens of East Chicago, Ind., residents who went to H&R Block had their identities stolen, police said. The IRS and East Chicago police are investigating claims that someone got a hold of taxpayers personal information. Thirty…
Category: Financial Sector
Business Counter-Sues Bank in Fraud Dispute
Linda McGlasson reports: The Texas machinery company that was sued by its bank after a data breach has filed a countersuit against the institution, saying it “won’t be bullied.” The case pits Plano, TX-based Hillary Machinery, Inc. against PlainsCapital Bank, a $4.4 billion institution headquartered in Dallas. Hillary was defrauded by cyber thieves who made…
Swiss MP threatens fire with fire over bank data
When diplomacy fails, play hardball. A Swiss member of parliament alleged Saturday that top German public officials had secret bank accounts in Switzerland and threatened to out them if Germany bought stolen data on tax dodgers. ”If Germany buys stolen bank data, we’ll push for a legislative change that would have to disclose all Swiss…
ING Fund client data exposed on the web for 18 months
On January 25, when an ING customer discovered that she could access client information on the ingfunds.com web site, she notified her stockbroker. In investigating the situation, ING discovered that since August 2008, a file containing the names, addresses, Social Security numbers, and account numbers of 106 ING shareholders had been available on the web…
(follow-up) Max Ray Vision sentenced to 13 years, $27.5 million restitution
Joe Mandak of the Associated Press reports that Max Ray Vision, who had more than 1.8 million stolen bank and credit card numbers on computers at his California apartment when he was arrested in 2007, has been sentenced to 13 years in federal prison and ordered to pay $27.5 million in restitution. Previous coverage of…
Former New York Federal Reserve Bank employee and his brother sentenced to prison for fraudulent loan schemes
Curtis L. Wiltshire, a former employee of the Federal Reserve Bank of New York (“FRBNY”) and his brother, Kenneth Wiltshire, were sentenced today to 40 months and 57 months in prison, respectively, for their roles in schemes to obtain hundreds of thousands of dollars in fraudulent loans. The sentences were imposed today by United States…