Jeff Overley updates us on a previously reported breach: A Corona del Mar mortgage broker accused of dumping his clients’ financial information into public recycling bins has had his license suspended after declining to fight the allegations. According to state investigators, Paul Henry Reed, owner of Seaview Financial, closed his office in February, and boxes…
Category: Financial Sector
Bits ‘n Pieces
In the justice system: Clyde Austin Gray Jr., described as the ringleader of a nationwide identity theft ring that also victimized Federal Reserve Chairman Ben Bernanke’s wife, was sentenced to more than 11 years in prison and ordered to pay more than $1.4 million in restitution. More. Lori L. Barb was charged with ID theft…
TX: Former VP of First Service CU convicted for bank fraud, ID theft
A former Senior Vice President of Area Operations for First Service Credit Union in Houston has pleaded guilty to embezzling more than $30,000 from his former employer, United States Attorney Tim Johnson announced today. Christopher Allen, 41, of Houston, appeared before United States District Judge Sim Lake today and pleaded guilty to bank fraud and…
FL: Ten more indicted in Operation Felony Lane
Ten people have been indicted by a federal grand jury in West Palm Beach. The indictment, which was unsealed today, is the the ninth installment of “Operation Felony Lane,” an ongoing investigation aimed at systematically dismantling large identity theft rings operating in the tri-county area. Charged in today’s 21-count Indictment are defendants Janice Coachman, Latoya…
Massive card processor breach in Spain affecting Europeans
Back in October, this site reported that “tens of thousands” of Swedish banking customers and “tens of thousands” of Finnish banking customers had been affected by a breach in Spain that might involve a card payment processor. Today, the BBC reports that: Anyone who used a Visa or Mastercard credit card when in Spain may…
NC loan processor sentenced for ID theft
A former loan processor was sentenced Friday to to one year and one day imprisonment for wire fraud and aggravated identity theft charges. Senior United States District Judge James C. Fox also ordered Maria Lorena Croll, 24, of Raleigh, North Carolina, to pay restitution of $2,138.52. A federal grand jury had indicted Croll in December…