A California bank insider has been caught selling customer info to scammers, putting hundreds of people’s bank accounts at risk.
Kalien Frazier, 29, of Oakland, California, was charged with six counts of wire fraud and one count of aggravated identity theft for his role in a bank insider scheme.
According to the indictment, Frazier used his position as a customer service representative at a Federal Deposit Insurance Corporation (FDIC)-insured bank to obtain the account details, debit card details, card verification value (CVV), and personal identifying information of customers.
Frazier would ask for this information from customers, even if not required to complete the customer service request, while on recorded customer service calls. He then advertised the information for sale in group chats, warning potential customers to stay under certain monetary thresholds to avoid detection.
As a result of Frazier’s scheme, unauthorized electronic payments and transfers were made from hundreds of bank accounts. If convicted on all counts, Frazier faces a possible maximum sentence of 120 years in prison for the wire fraud, plus a mandatory minimum sentence of two years for aggravated identity theft.
The case was investigated by the Federal Deposit Insurance Corporation (FDIC) – Office of Inspector General. The case is being prosecuted by Assistant United States Attorney Timothy Lanni.
An indictment, information, or criminal complaint is an accusation. A defendant is presumed innocent unless and until proven guilty.
Frazier’s scheme is a stark reminder of the risks of identity theft and the importance of protecting personal information. Bank customers should be vigilant and report any suspicious activity to their bank immediately.
The FDIC has issued guidelines to help bank customers protect themselves from identity theft. These guidelines include monitoring bank statements regularly, keeping personal information private, and being cautious when sharing information with bank employees.
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Key Facts
- State: Pennsylvania
- Agency: DOJ USAO
- Category: White Collar Crime
- Source: Official Source ↗
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