A man and his driver have been convicted for the roles in a $30 million telemarketing fraud and identity theft scheme targeting financial institutions and their account holders.

"Robert Sacks, 51, and his driver, Diego Hernandez, 32, a Venezuelan citizen residing in Miami, were convicted of all counts in which they are named in the 42-count Superseding Indictment," according to the Office of Inadequate Security.

"The Superseding Indictment, which was returned by a federal grand jury on Oct. 8, 2009, describes a scheme in which the two defendants and other co-conspirators pretended to operate a telemarketing business, but instead simply withdrew or attempted to withdraw funds from over 100,000 bank accounts throughout the United States without the authorization or knowledge of account holders," the article states.

Click here to read the article at the Office of Inadequate Security.