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

Five indicted for bank fraud conspiracy

July 23, 2010
Total Loss: $510,500
Five people have been in indicted in bank fraud conspiracy, that spanned from July 2009 until December 2009. A federal grand jury in Buffalo has returned a four count indictment charging Jia Ming Huang, Rungen Huang, Zhen Qiang Liang, Chang Keng Zheng, a/k/a Yu Zheng and Siu S. Cheng, all residing in either the State of New York or Florida, with conspiracy to commit bank fraud. The five are also charged with production and use of counterfeit access devices, possession of device making equipment and aggravated identity theft.
Source: WIVB.com; By Emily Lenihan
Posted in: Account Takeover Identity Theft
Tags: account takeoveridentity theftcreditdebit