Courthouse News reports: Three people posing as Merrill Lynch recruiters conned job seekers into revealing their bank account numbers by claiming they needed the information to make direct deposits into their accounts, Merrill Lynch claims in Federal Court. Merrill Lynch says the three people “hatched a nefarious plot” and created the domain email address “merrilllynchcareers.com”…
Category: Financial Sector
Heartland CEO: Credit Card Encryption Needed
Grant Gross of IDG News Service reports that in testimony before the Senate Homeland Security and Governmental Affairs Committee yesterday, Heartland Payment Systems CEO Robert Carr was hit with a question about how the payment processor could have been breached for over one year and yet not detected it: Senators asked Carr some pointed questions…
Former loan officer indicted for fraud and ID theft
A federal grand jury has indicted Emma Vigil, of McAllen, and charged her with five counts of bank fraud and one count of aggravated identity theft, United States Attorney Tim Johnson announced today. Vigil, 48, was arrested by FBI agents at her residence this morning and will be arraigned at a hearing this afternoon before…
International ID theft scheme defendant sentenced to 13 1/2 years
Koleowo Adeyemi Adesoye, 28, of Houston, was sentenced to 13 ½ years in federal prison without parole for his involvement in planning and executing an international identity theft scheme causing $2 million in losses to financial institutions, United States Attorney Tim Johnson announced today. United States District Judge Ewing Werlein Jr. handed down the prison…
Kavaklov sentenced for major ATM skimming operation
Yordan Kavaklov, 29, of Bulgaria, was sentenced yesterday by Senior United States District Judge Willis B. Hunt, Jr. to serve over 4 years in federal prison on multiple felony charges for conspiring to steal the bank debit card numbers and passwords of over 200 individuals through the use of a skimming device the defendant connected…
Hackers breach Warrick Co. bank accounts
Nicole DiDonato reports: Cyber thieves have recently hacked their way into dozens of online bank accounts in Warrick County. Investigators said that it happened to customers of People’s Saving and Trust Bank in Boonville (Indiana). The breach is not being done inside the bank itself, but rather to the company that services their customer’s debit…