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Oct 31, 2009 - 5:00 PM - by gone
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Computer Technician Alleged to Have Used ID's to Steal $1.1 Million
Linda McGlasson, Managing Editor
October 30, 2009
A computer technician has been indicted in New York Supreme Court, charged with stealing the identities of more than 150 Bank of New York Mellon employees and using them to steal more than $1.1 million from charities, non-profit groups and other entities.
Adeniyi Adeyemi, a 27-year-old man from Brooklyn, was charged with grand larceny and identity theft in a 149-count indictment. Prosecutors say Adeyemi worked in the bank's Information Technology Department and committed the crimes between November 2001 and April 30, 2009. While employed at BONY, he stole the identities of dozens of employees and used them to open more than 30 bank and brokerage accounts with several financial institutions including E*Trade, Fidelity, Citi, Wachovia, and Washington Mutual. Prosecutors say Adeyemi used these accounts as dummy accounts for the purpose of receiving stolen funds.
The Manhattan District Attorney's office says Adeyemi then stole money from the bank accounts of charities and non-profit organizations and funneled it into those dummy accounts, later withdrawing the stolen funds or transferring them to a second layer of dummy accounts. The prosecutors say that charities are easy prey for identity thieves with computer expertise because they readily disseminate their banking details on the internet to facilitate donations. Adeyemi used this to his advantage, the prosecutors allege, using the internet for most of his crimes.
The charities and organizations that Adeyemi allegedly stole money from include: Goodwill Industries of Greater New York and Northern New Jersey, Iris Ministries, the Kalgidhar Trust, the Sudanese American Community Development Organization, Ravi Zacharias International Ministries, AFK Foundation, the American Community School at Beirut, the Jacksonville Humane Society, American Friends of Birdlife International, the International Association of Women Judges, the Space Generation Advisory Council, and the American Association for Clinical Chemistry. Prosecutors allege Adeyemi also stole from Bank of New York employees.
To stay under anti money laundering monitoring thresholds set by banks, Adeyemi is alleged to have structured all wire transfers to be just under $10,000. This is the threshold where all banks must report transactions to the US Treasury. He then allegedly used the stolen monies to purchase more than $100,000 in USPS money orders, and used them to pay personal expenses including apartment rent and credit card bills. He also redeemed the money orders to ship | ... [Read More]
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0 Replies | 310 Views
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Oct 22, 2009 - 3:18 AM - by The Dude
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http://news.aol.com/article/eric-wil...ndecent/730688
Man in Virginia was arrested for being naked in his own home after a woman called the police on him as she and her 7 year old son were cutting through his property at 5:30AM!!!!!
TOTALLY RIDICULOUS!!!!!
All of a sudden we have to worry what we do in our own homes?
Its not the guys fault SHE WAS WHERE SHE SHOULDNT HAVE BEEN!
Unreal!!
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7 Replies | 300 Views
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Oct 17, 2009 - 5:24 PM - by gone
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The Credit Card Accountability, Responsibility and Disclosure Act, signed into law in May, gave credit card companies a leisurely timetable as long as 15 months to phase out predatory practices used to bleed consumers. Not surprisingly, the companies have exploited this generosity by driving already outrageous interest rates still higher and imposing fees that are pushing struggling families further into debt.
Congress can end this injustice by moving up the deadline, accelerating reform and helping consumers.
Some of the worst (and most common) abuses are now scheduled to be outlawed in February. These include the practice of arbitrarily raising interest rates, penalizing customers when they are late paying a bill unrelated to the credit card so-called universal default and charging customers interest on debt that they paid off a month or more earlier.
The banks claimed that they needed the long lead time to rework their computer processing system. Consumer advocates warned that this would invite banks and credit card companies to wring as much as possible out of consumers before the law finally took effect.
They were right.
A forthcoming study from the Pew Charitable Trusts Safe Credit Cards Project shows that credit card interests rates already too high rose by 20 percent in the first two quarters of this year, even though the cost of lending went down as a result of low federal interest rates. In testimony before Congress earlier this month, one consumer advocate cited case after case of struggling consumers who had seen their credit card rates more than double for no apparent reason, even when they had faithfully paid on time.
A House bill introduced by Representative Carolyn Maloney, a Democrat of New York, and Representative Barney Frank, a Democrat of Massachusetts, would halt this exploitation by making the act effective on Dec. 1. The Senate needs to take the same approach.
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http://www.nytimes.com/2009/10/17/opinion/17sat3.html?_r=1&emc=tnt&tntemail1=y
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2 Replies | 321 Views
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Oct 17, 2009 - 12:17 AM - by The Dude
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http://www.dailymail.co.uk/news/article-1220645
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A two-year-old girl accused of hitting a car with a stick was investigated by police on suspicion of vandalism. [more]
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Gimme a break,HOW HARD CAN SHE HIT IT????
WHAT A BUNCH OF LOSERS!!!!!!!!!!!
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1 Reply | 129 Views
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Oct 14, 2009 - 2:00 AM - by gone
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A fresh string of phishing attacks have struck financial institutions nationwide over the past two weeks, with customers of 10 banks and credit unions in California, New York, Pennsylvania and Wisconsin receiving fraudulent text messages or automated phone calls.
These incidents are concurrent with a new report from the Anti-Phishing Working Group, which says such attacks are up nearly 600 percent this year.
Text Messaging Scams
Members 1st Federal Credit Union of central Pennsylvania reported on Sept. 28 that it received calls from customers about text messages claiming that their cards were blocked. The calls were purportedly from Members 1st, and the customer phones that were targeted were reportedly AT&T mobile phones.
Members 1st has customer education information on its website about vishing and phishing scams and tells customers what to watch for.
Similar attacks happened on Oct. 2 in Nebraska to Greater Omaha Credit Union customers. Omaha police say the phishers sent text messages to mobile phones in the Omaha area, claiming their bank card had been deactivated and instructing them to call an 877 number to reactivate it. At least one customer fell victim, losing several hundred dollars to phishers located in Huntington Beach, CA. "Once he changed his PIN, somebody went in and withdrew the money," said Richard Patterson, president of Greater Omaha Federal Credit Union.
The credit union's staff fielded from customers and others who received the bogus text. "Basically [they were] asking why they had been getting this text message, and most of them don't even have accounts with us," says a bank representative.
How the scam works: Fraudsters learn the first three digits for certain cell phone providers in an area and just dial in remaining digits for mass texting, hoping to catch customers.
Another Omaha-based credit union, Omaha Federal Credit Union, was hit with the same text messages, and alerted its customers with this message:
"Text Messaging Scam -- OFCU Members, please be aware that Omaha FCU does not use text messaging to contact our members. If you receive a text message that says "from Omaha Federal Credit Union" do not respond to the message. It is not from OFCU."
At the same time, on Long Island, Suffolk police were investigating scams involving attempts to steal credit card and PINs from customers at two different credit unions, Suffolk Federal Credit Union and Island Federal Credit Union. The scam worked by sending text or voice messages to card holders who were told their debit card had been | ... [Read More]
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1 Reply | 167 Views
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