Regulation & ComplianceJPMorgan ID theft fraudster sentenced to six years in prison

JPMorgan ID theft fraudster sentenced to six years in prison

Nadia Figueroa, former JPMorgan teller who was part of an ID theft ring and stole $850,000 from bank customers, has been sentenced to six years in prison.

It was reported last week that Nadia Figueroa, former JPMorgan teller who was part of an ID theft ring and stole $850,000 from bank customers, has been sentenced to six years in prison.

Figueroa used her position as a bank teller at the Westchester County, New York branch of JPMorgan to target customers with common names and those with over $50,000 in their accounts.

After stealing the customer information, Figueroa would pass it on to her co-conspirators who would use it to create fake cheques and identification documents. These documents would then be used to impersonate the account holders in order to withdraw money in Westchester County, New York City, Long Island, Connecticut and Massachusetts.

Eric Schneiderman, New York Attorney General stated that Figueroa’s fraudulent behaviour should encourage customers to be wary of ID theft in future but know that the government will help those targeted. “After abusing her position as a teller and taking advantage of the trust of bank customers, Nadia Figueroa will now serve serious prison time. While businesses and consumers must remain on guard against identity theft, New Yorkers should know that my office is looking out for them and will take action against anyone who steals their personal information,” Schneiderman said.

Between July 2010 and June 2014, Figueroa and other fraudulent bank tellers stole the account numbers and Social Security numbers of hundreds of customers who banked at JP Morgan Chase, Bank of America, TD Bank and Wells Fargo in New York City and Westchester County.

Figueroa pleaded guilty earlier this year, alongside Tyrone “Reece” Lee, the ringleader of the scam and defendant Anthony “Sug” Davis who have also been sentenced to time in prison because of their involvement.

It was also reported earlier this month that the FBI arrested a former JPMorgan Chase worker on unrelated charges because he also stole customer information and sold it to an undercover informant.

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