- Jan 24, 2011
- 9,378
Twelve individuals have been indicted for their roles as members of a criminal network that used insider information to defraud banks with over $10 million.
Seven of the suspects were arrested in Minnesota earlier this week, while the rest had previously been taken into custody in California.
Some of the people named as defendants are former bank employees who are accused of stealing customer information and selling it to other co-conspirators with the purpose of being used to open fraudulent bank and credit card accounts.
The investigation was conducted by the Minnesota Financial Crimes Task Force, an inter-agency task force with representatives from the U.S. Postal Inspection Service, U.S. Immigration and Customs Enforcement's Homeland Investigations, the Internal Revenue Service-Criminal Investigations Division, the U.S. Secret Service, the Social Security Administration and local police departments.
More details - link
Seven of the suspects were arrested in Minnesota earlier this week, while the rest had previously been taken into custody in California.
Some of the people named as defendants are former bank employees who are accused of stealing customer information and selling it to other co-conspirators with the purpose of being used to open fraudulent bank and credit card accounts.
The investigation was conducted by the Minnesota Financial Crimes Task Force, an inter-agency task force with representatives from the U.S. Postal Inspection Service, U.S. Immigration and Customs Enforcement's Homeland Investigations, the Internal Revenue Service-Criminal Investigations Division, the U.S. Secret Service, the Social Security Administration and local police departments.
More details - link
