Timothy Young, Wire Fraud, New Jersey 2024

A Nebraska man was sentenced to 21 months in prison for engaging in fraudulent activity that exposed his employer’s confidential information in New Jersey. Timothy Young, 50, of Moorefield, Nebraska, was found guilty of wire fraud by U.S. District Judge Katharine S. Hayden in Newark federal court on February 14, 2024.

According to documents filed in the case and statements made in court, Young was employed at a data analytics and risk assessment firm based in New Jersey. The company serves customers worldwide, including entities providing insurance and financial services as well as government entities. The company maintains a network that houses, among other things, significant amounts of personally identifiable information.

Without the firm’s approval, Young obtained confidential, non-public information that belonged to the firm. The information included names, logon names, passwords, email addresses, and telephone numbers for some of the company’s clients. Young then attempted to sell the information.

In addition to the prison term, Judge Hayden sentenced Young to three years of supervised release and ordered him to pay restitution of $296,370.

Acting U.S. Attorney Rachael A. Honig credited special agents of the FBI, under the direction of Special Agent in Charge George M. Crouch Jr. in Newark, and task force officers from the N.J. State Police, Jersey City Police Department, Ocean City Police Department, and Federal Protective Service, with the investigation leading to today’s sentencing.

The government is represented by Assistant U.S. Attorney Andrew Kogan of the U.S. Attorney’s Office Cybercrime Unit in Newark.

Young’s crimes had significant consequences for his employer and its clients. The case highlights the importance of protecting confidential information and the severe penalties for those who attempt to exploit it.

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