Ex-Federal Reserve Employee and Brother Convicted of Identity Theft
A formal employee of the Federal Reserve Bank of New York and his brother were sentences to prison after being convicted to an identity theft scheme. The scheme used the Federal Reserve employee’s position as a information and technical analyst to steal information from the bank. He and his brother would then use the information to steal identities to apply for student loans which they used to buy boats and other recreation vehicles.
Curtis Wiltshire and Kenneth Wiltshire, where both convicted of identity theft after stealing more than 450,000 in student loans and 525,000 in loans for boats. Kenneth Wiltshire, 41, was also convicted of mail fraud and was sentenced to 57 months in prison and is to forfeit $525,160 in cash and pay $1.02 million in restitution. Curtis Wiltshire, 35, was also convicted of bank fraud and was sentenced to 40 months in prison and ordered to forfeit $200,000 in cash.
The scheme was found out after a investigator found data on a drive that was attached to Curtis Wiltshire’s computer. The drive had on it two fake student loans which featured a Fed worker’s photo which did not match the name on the application.
Once again this just proves that your private and sensitive information is never really safe in the hands of the people who are supposed to protect it. One can never prevent all kinds of identity theft, but one can be ready to nip it in the bud if it were to ever happen. There are many good identity theft services out there my favorite being LifeLock. If you are in need of identity theft services I would try them out first.
Tags: federal reserve, ID theft, identity, identity theft, identity theft protection, New York