Every day, PSCU's technology and risk management team works to successfully detect and prevent credit card fraud.
But recently, that technology and team also caught one of its own employees, Reynaldo Colon, a former PSCU credit card fraud investigator. He was arrested Monday for stealing customers' credit card account numbers to pay for fast food meals.
After the fraud was detected and reported to police by the St. Petersburg, Fla.-based CUSO, an investigation found that Colon, 26, of Apolo Beach, Fla., allegedly stole 21 credit card accounts and used them to make about 100 fraudulent transactions, mostly at fast food restaurants, Rick Shaw, a spokesperson for the St. Petersburg Police Department, said.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.