Tuesday, May 24, 2005

More Arrests Coming in U.S. Bank Theft Ring-Police

Jonathan Stempel writes for Reuters:

At least two more arrests of bank employees are expected soon over a scheme to steal the financial records of hundreds of thousands of customers at four major U.S. banks, a New Jersey police detective said on Monday.

Authorities in Hackensack, New Jersey last month had charged nine people, including seven former bank employees, over the possible compromising of accounts at Bank of America Corp. , Wachovia Corp., PNC Financial Services Group Inc. and Commerce Bancorp Inc.


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