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Saturday, July 10, 2010

New York Mellon Bank IT Worker Charged In $1Million Fraud

A previous IT staffer with Bank of New York Mellon pleaded guilty to theft responsive information belonging to 2,000 bank staff and then using that data to take further than $1 million from charities.
Adeniyi Adeyemi, 27, had worked as an agreement computer technician at Bank's Manhattan headquarters, and data he supposedly stole belonged above all to colleague in the bank's IT department.He pleaded guilty to stealing, currency wash and PC tampering charges in New York City Criminal Court, the New York District Attorney's Office said in a report.More than an eight-year stage, Adeyemi stole a lot than $1.1 million from charities by shift funds from charities' bank accounts into false accounts he'd system using private information of his previous co-workers, prosecutors say. He "input the charities' banking particulars, as well as account and routing numbers, to set up wire transfers on E*Trade and loyalty sites from the charities' account to his fake accounts, and remove the stolen funds or transferred them to a second layer of fake accounts," the quarter attorney's office said in its press release.

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