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NEWS

NY car assist leads to wire fraud arrest

posted  May 29, 2012
Total Loss: $1 Million

State police say a trooper who stopped for a disabled car in Westchester County discovered the driver was wanted by the Secret Service for an alleged $1 million wire fraud.

The arrest occurred Sunday evening on the Sprain Brook Parkway in Yonkers.

Darrin Foster, of the Bronx, is accused of stealing the money from his former employer, an investment firm in Westport, Conn.

Police say Trooper Peter Steixner also discovered that Foster allegedly had a suspended license for failure to pay child support.

Source: Stamford Advocate

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Lloyds Bank former executive faces trial

posted  May 29, 2012
Total Loss: £2.5 Million

Jessica Harper is accused of robbing the Lloyds Banking group of £2,463,750 when she headed the security of one of the institution’s digital sections.

Harper was accused in December after the bank carried out an internal investigation into its finances last year.

Harper had robbed the money in a three-year process between 2008 and 2011 shortly after Lloyds was bailed out by the government.

Source: Press TV

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Former Covington Bank CEO Charged with Bank Fraud and False Statements

posted  May 29, 2012
Total Loss: TBD

Richard S. Blossman, Jr., age 52, a resident of Covington, Louisiana, was charged today in a one-count bill of information alleging one count of bank fraud and one count of false statements, announced U.S. Attorney Jim Letten.

According to the bill of information, Blossman was the chief executive officer (CEO) of Central Progressive Bank, headquartered in Lacombe, Louisiana in St. Tammany Parish. In December of 2011 Central Progressive Bank (CPB) failed and was taken over by the Federal Deposit Insurance Corporation (FDIC). The assets of Central Progressive Bank were then sold to FNBC Bank.

Count one of the bill of information alleges that Blossman caused Central Progressive Bank to purchase a yacht valued at $200,000 from a distressed property website. Blossman then, through a surrogate, formed a strawman company to purchase the vessel from a subsidiary of Central Progressive Bank for less than $30,000. The strawman company

Source: FBI

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Google to Warn 500,000+ of DNS Changer Infections

posted  May 24, 2012
Total Loss: TBD

Google plans today to begin warning Internet users if their computers show telltale signs of being infected with the DNSChanger Trojan. The company estimates that more than 500,000 systems remain infected with the malware, despite a looming deadline that threatens to quarantine the sick computers from the rest of the Internet.

Security experts won court approval last year to seize control of the infrastucture that powered the search-hijacking Trojan in a bid to help users clean up infections. But a court-imposed deadline to power down that infrastructure will sever Internet access for PCs that are not rid of the malware before July 9, 2012.

Source: Krebs on Security

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Eighteen People Indicted for Roles in $3 Million Schemes Involving Seven IHOP Restaurants

posted  May 24, 2012
Total Loss: $3 Million

Eighteen people were indicted for their roles in a series of criminal schemes, including money laundering, identity theft, alien harboring, and arson, centered around seven IHOP restaurants in northwest Ohio and Indiana that resulted in losses of more than $3 million, law enforcement officials announced today.

“These defendants turned pancakes houses into crime dens,” said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio. “This indictment lays out a menu of crimes ranging from harboring undocumented workers to identity theft to money laundering to insurance fraud.”

Source: FBI

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Woman admits 848K theft from Entek

posted  May 24, 2012
Total Loss: $848,000

A Lebanon woman has admitted in federal court that she stole about $848,000 from Entek, where she was employed as the president’s secretary.

Rhonda M. Milligan, 41, pleaded guilty to one count of wire fraud May 17 before Chief U.S. District Judge Ann Aiken in Eugene, the U.S. Attorney’s Office reported.

Source: Democratherald.com

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NJ Identity Theft Brings Credit Card Skimming to Light

posted  May 24, 2012
Total Loss: TBD

A thief known for credit card skimming New Jersey restaurant patrons’ cards has pleaded guilty to his role in a credit card fraud ring. With skimming threatening identity theft, credit issues and more, it’s a good idea for cardholders in the state and nationwide to learn more about how to protect themselves from this crime.

Source: Go Banking Rates

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Executives at Debt Collection Agency Admit Roles $10 Million Client, Lender, and Investor Fraud Scheme

posted  May 17, 2012
Total Loss: $10 Million

David B. Fein, United States Attorney for the District of Connecticut, today announced that Richard Pinto, 68, of Wellington, Florida, and Peter Pinto, 37, of East Quogue, New York, each pleaded guilty late Friday, May 11 before United States District Judge Stefan Underhill in Bridgeport to one count of conspiracy to commit wire fraud, bank fraud, and money laundering and one count of wire fraud stemming from a $10 million fraud scheme they executed while executives at Oxford Collection Agency.

“These defendants carried out a significant fraud scheme through which they stole millions of dollars from their company’s clients, lenders, and investors...

Source: FBI

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Credit Card Skimmers Nabbed in Northeast Ohio

posted  May 17, 2012

Two men from Canada were caught putting data skimming devices on several First Merit ATMs in the area last week, raising concerns about the high-tech method of credit card fraud.

Detective Lt. John Janowski said no one in Strongsville has reported being a victim of card skimming.

But he said the crime "is around" and it's devious.

Source: Strongsville Patch

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Key Phish Phry Player Sentenced

posted  May 17, 2012
Total Loss: $1 Million

A U.S. District Court in Los Angeles has sentenced Nichole Michelle Merzi, a key figure in an international cybercrime ring that between 2008 and 2009 drained thousands of dollars from U.S. bank accounts.

Merzi, who helped to orchestrate an elaborate phishing scheme that involved 53 co-conspirators in the U.S. and 47 in Egypt, on May 15 was sentenced to more than five years in prison. She was convicted last year on charges of bank and wire fraud conspiracy, aggravated identity theft, computer fraud conspiracy and money laundering conspiracy.

Source: Bank Info Security

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