Kalien Frazier, Wire Fraud and Identity Theft, Pennsylvania 2022

A former bank employee has been charged with stealing and selling customer account and identity information.

Kalien Frazier, 29, of Oakland, California, was charged with six counts of wire fraud and one count of aggravated identity theft for 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.

Between March 30, 2022, and August 30, 2023, Frazier asked customers for this information during recorded customer service calls, even if it was not required to complete the service request.

He then advertised the stolen information for sale in group chats, warning potential buyers 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, and is being prosecuted by Assistant United States Attorney Timothy Lanni.

An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.

Source: https://www.justice.gov/usao-edpa/pr/former-bank-employee-charged-stealing-and-selling-customer-account-and-identity