According to the US Department of Justice, a US bank employee repeatedly stole and sold customer data through a lucrative insider scheme.
The U.S. Attorney’s Office for the Eastern District of Pennsylvania says it is charging California resident Kalien Frazier with six counts of wire fraud and one count of aggravated identity theft.
Prosecutors say that from March 30, 2022, to August 30, 2023, Frazier used his role as a customer service representative at an unnamed FDIC-insured bank to collect sensitive customer information, including account information, debit card information, card verification value (CVV) and personal identification. information.
Frazier allegedly asked customers to provide confidential information, even in situations where the bank did not require her to do so.
After collecting customer data, Frazier allegedly advertised in group chats that she was selling bank account information and warned potential buyers that they had to stay under certain limits to avoid being spotted.
Prosecutors say Frazier’s scheme affected hundreds of accounts.
“As alleged in the indictment, Frazier sold or transferred information about hundreds of bank accounts to third parties. As a result of Frazier’s scheme, unauthorized electronic payments and transfers were made from hundreds of bank accounts.”
Frazier now faces a maximum sentence of more than 120 years behind bars if convicted on all counts.
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