Fergie's Tech Blog

Five Indicted in Cyber Theft of City's Bank Accounts

Jaikumar Vijayan writes on ComputerWorld:

Five people were indicted this week on wire fraud and other criminal charges stemming from a 2007 cybertheft in which nearly $450,000 was stolen from the bank accounts of the city of Carson, Calif.

The federal indictment, handed down in the U.S. District Court for the Eastern District of North Carolina, charges John Quinn and Anthony Bobbitt of allowing their bank accounts in North Carolina to be used as conduits for accepting stolen money and for sending it to bank accounts belonging to three other suspects, Jennifer Woodward, Deago Smith and Lance Holt.

Karen Avilla, treasurer for Carson said the money was siphoned out of the city's coffers via two unauthorized money transfers in May 2007.

The first transfer, from the city's bank account at the City National Bank (CNB) of Carson, was for an amount of $90,500, which was sent to Quinn's account at Branch Banking & Trust in Wilson, NC.

The second transfer, a day later from the same CNB account, involved $358,500 that was sent directly to a National City Bank account in Detroit belonging to a company called Broadbase Financial that was owned by Holt.

posted by Fergie @ 5/26/2010 10:11:00 PM