X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK – Finally Experian, Ford Motor Company and other credit reporting bureaus may have their chance at prosecuting those behind what is being called the largest identity theft scheme in U.S. history. Three men have been charged with allegedly stealing credit information from more than 30,000 victims resulting in initial losses estimated at $2.7 million and growing. Earlier this year, more than 15,000 credit reports were stolen using passwords belonging to Ford Motor Credit Corp. to access information from Experian and other credit reporting bureaus. According to authorities, Philip Cummings, a help-desk worker at a computer software company, allegedly sold the passwords and codes for downloading consumer credit reports and was paid $30 for each report. The Associated Press reports that the information was made available to at least 20 individuals who then also proceeded to make money off the scheme. The FBI also charged Linus Baptiste for allegedly downloading hundreds of credit reports and Hakeem Mohammed, who has already pled guilty to mail fraud for making changes to individual credit accounts.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.