Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

Oaklyn Man Pleads Guilty to Federal Bank Fraud Charge

June 11, 2009
Total Loss: $170,000
An Oaklyn man pleaded guilty Tuesday to a federal charge of bank fraud, admitting he used stolen personal identifying information of others to open credit accounts and make fraudulent purchases totaling $171,255, Acting U.S. Attorney Ralph J. Marra, Jr., announced.DeForge admitted that from June 1999 until December 2008, he devised and operated a scheme to defraud nine financial institutions through materially false and fraudulent pretenses. DeForge admitted that when he applied to several financial institutions to open credit card accounts, he used stolen personal identifying information of other people, such as names, Social Security numbers, and dates of birth.
Source: NJ.com
Posted in: Credit Card Fraud
Tags: credit cardidentity theftover 100k