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

Alleged ID thief stole $200,000 in debit-card scam

July 28, 2011
Total Loss: $200,000

An alleged identity thief was charged Wednesday with looting more than $200,000 from customer accounts at a Rancho Peñasquitos bank by using an electronic device to steal debit card information.

The suspect, Daniel Axinte, 49, is suspected of stealing from about 950 customers at the Chase Bank branch on Black Mountain Road, but authorities said that number may go up if more victims come forward.

Source: Sign On San Diego
Posted in: Debit Card Fraud Account Takeover Identity Theft