Sponsor Robert Siciliano as he runs the Boston Marathon for Miles for Miracles, Children's Hospital Boston
ROBERT SICILIANO is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds.

FREE EBOOK

Check here if you're human

Sponsors

100 Person Identity Theft Ring busted

0
Pin It

This year, one of the biggest identity theft rings originating from Minnesota was prosecuted—spanning 14 states and involving hundreds of victims. Total theft exceeded $2.5 million, and major retailers and banks were victimized.

1GJust who was part of this ring is mind boggling; the participants included a receptionist with the state Board of Psychology; and employees at the St. Paul Postal Credit Union, Wells Fargo Bank and other major companies. Insiders generally have direct access to client data and can do the most damage.

Victims of identity theft aren’t necessarily gullible and naïve. As just mentioned, one of the ring participants was the receptionist. She gave Social Security numbers of psychologists to the ring leaders.

One of those psychologists found out her identity had been stolen when a bank called her to report that a woman claiming to be her had attempted to get $4,000 cash back from a $6,800 check she tried to deposit. At another bank, the imposter tried again with a fake driver’s license in the victim’s name that had a photo of the imposter.

The imposter eventually confessed to cashing fraudulent checks and using fake checks and driver’s licenses with names of actual people. Her fraudulent purchases exceeded $154,500.

Basic Methods

  • Other participants purchased high-end products with fake checks printed from special equipment, then returned them for cash refunds or gift cards.
  • They also printed fake IDs and recruited about 10 people to enlist over 100 more to do the check cashing and product purchasing.
  • A ringleader would often sit in a car while their help cashed a fake check, then the proceeds would be split.
  • Thieves obtained personal information by breaking into homes, mailboxes, cars and businesses.
  • The scam even sucked in family and friends. One ringleader had his two sons in on it.

This goes to show you how susceptible the public is to a mastermind of an extensive identity theft ring. Makes you think you can’t even trust the receptionist of the company you work for.

All that being said, account takeover generally can’t be prevented when organized criminals get a hold of account numbers. However new account fraud, when thieves use your Social Security number, can mostly can be prevented with identity theft protection.

Robert Siciliano is an identity theft expert to BestIDTheftCompanys.com discussing  identity theft prevention. For Roberts FREE ebook text- SECURE Your@emailaddress -to 411247. Disclosures.

About the Author
ROBERT SICILIANO, CEO of IDTheftSecurity.com is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds. His "tell it like it is" style is sought after by major media outlets, executives in the C-Suite of leading corporations, meeting planners, and community leaders to get the straight talk they need to stay safe in a world in which physical and virtual crime is commonplace. Siciliano is accessible, real, professional, and ready to weigh in and comment at a moment's notice on breaking news.

Similar Posts

  • Check Fraud Identity Theft is Rising
    Robert Siciliano Identity Theft Expert As opening new lines of credit becomes more difficult, identity thieves are gravitating toward check fraud. Check fraud is a billion dollar problem. As predicted by the Identity Theft Resource Center, check fraud, which accounted for 12% of financial crimes in 2007, increased to 17% in 2008. According to the American Bankers
  • 5 Ways to Prevent Check Fraud Scams
    Check fraud is a billion dollar problem. Check fraud victims include banks, businesses and consumers. Our current system for cashing checks is somewhat flawed. Checks can be cashed and merchandise can be purchased even when there is no money in the checking account. There are 5 main forms of check fraud to watch out for: Forged signatures
  • Ghosting Identity Theft Scams
    There are generally 2 types of financial identity theft. New account fraud and account takeover. New account fraud Identity theft can occur when someone opens a new credit card in your name, maxes it out, and doesn’t pay the bill. Account takeover Identity theft can also occur when a bad guy gets your information, uses it to
  • Identity Theft Ring Operates From Federal Prison
    For nearly a year, a prisoner at Fort Dix Federal Correctional Institution operated an identity theft ring from his jail cell. “Federal prosecutors say the man was able to get personal information communicated to him while in the prison, including names, addresses, and Social Security numbers of credit card holders at various department stores. He
  • Social Media Identity Theft leads to Arrest
    Are you one who believes you’re too smart, too savvy, to get your identity stolen in the social media world? Nobody thinks this will happen to them, and Stephanie Francis, 24, was no exception to that way of thinking. A report from firstcoastnews.com that the Jacksonville, Florida woman claims her identity was stolen—on social media of

Comments are closed.

Xtreme School

Featured in

Anderson Cooper John Stossel Robert Siciliano Featured in
Browse by Month

Browse by Category