Personal Banker Pleads Guilty to Bank Fraud, Identity Theft

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Former personal banker LeRoy Brown yesterday pled guilty to conspiracy to commit bank fraud for his involvement in an identity theft scheme that led to the theft of $72,800 and attempts to steal another $48,600.

"According to U.S. Attorney Ronald C. Machen Jr., the scheme involved $121,400 in forged checks," writes Softpedia's Eduard Kovacs. "The man agreed to cover the losses he caused to Wells Fargo, totaling around $72,000, but that doesn’t get him off the hook. He could still be sentenced to 5 years in prison, not to mention the additional monetary penalties he might be forced to pay. Apparently, between November 2009 and January 2010, Brown and his accomplices conspired to steal funds from the accounts of Wachovia Bank, currently Wells Fargo."

"Brown began participating in the scheme after he was approached by another person at the bank branch where he worked," Help Net Security reports. "The person offered to pay Brown for providing the type of customer information that would be needed to fraudulently obtain funds from customer accounts with balances of at least $15,000. Brown subsequently obtained this information concerning the accounts of seven customers, including their dates of births, addresses, telephone numbers and Social Security numbers, then turned over the information and received $2,000 in cash."