Sunday, May 13, 2012

Federal bank fraud cases up

Note: This post goes hand in hand with the FBI's recent findings of increased Economic Espionage activity nationwide. 
When was the last time your organization conducted a "Cyber TSCM / Counterespionage Survey"?? Contact us, we can help. ~JDL

BIRMINGHAM, Alabama -- Eight men and women have stood before federal judges in Birmingham the past few weeks on bank fraud charges.
Among them:
• A Mountain Brook man sentenced to four years in prison for embezzling nearly $1.2 million from his former employer by writing checks to himself on the company's bank account.
• A former Union State Bank branch employee in Trussville sentenced to a month in prison for theft of about $25,000 from the teller drawer and bank vault in 2007 and 2008.
• A former Regions Bank telebanking representative who pleaded guilty to taking $190,000 from a customer's account during a two-year period, and directing money from the account to pay her bills after she had left her job.
The number of cases being prosecuted for bank fraud by the U.S. Attorneys Office for the Northern District of Alabama has steadily increased in recent years. In 2011 federal prosecutors charged bank fraud in 22 cases, up from 16 cases in 2010, 15 cases in 2009 and 11 cases in 2008. So far, eight cases have been charged this year through May 4.
Some cases include more than one defendant and other charges are also included in some cases.
"I guess it's a sign of the times," said James Kendrick, a Birmingham attorney who has represented clients charged with bank fraud.
Rod Pittman, director of corporate security for BBVA Compass, stated in a written response to questions from The Birmingham News that recently they have "seen a significant increase in fraud attempts, the majority of which can be attributed to the economy and technology."
More here:

1 comment:

Manoj Kumar said...

Yes I heard about this Bank Fraud Attorney and I was very shocked to know it.