Tuesday, July 18, 2006

$2 million Identity Theft of The Dead

$2-million-Identity-Theft-of-The-Dead-audio post - click to play

Is there no shame left amongst identity thieves?

Apparently, with at least one identity thief,
there is no limit. In this latest installment,
we expose the misdeeds of an identity theft
involving a Kentucky man who scammed his way
to nearly $2,000,000 over a three year period.


It seems, this identity thief, was actually a
financial planner who figured out how to use
the confidential personal data of more than
160 deceased persons.

The data he got his hands on was:

  • Names
  • Social Security Numbers (ssn)

With the 160 deceased persons information, the
identity thief was able to acquire 700 credit
cards from 15 financial institutions. This
highly productive identity thief then used those
credit cards to illegally purchase goods.

All of this criminal identity theft and credit
fraud was conducted from his home near
Louisville, Kentucky.

Fortunately, for criminal investigators, this identity
thief left a paper trial from two phony business fronts
and the detailed tracking spreadsheet on his computer
which ultimately lead to his arrest.

The identity thief is now facing up to 40 years in
prison
for his crimes.

At least in this instance, one identity theft learned crime
does not pay - especially against the dead.

End note:

Want more podcast articles like this and free tips to
avoid becoming the next identity theft victim?

Also, share this with a friend and get your good will
for the day.

3 Comments:

At 11:43 PM, Anonymous Anonymous said...

Ugghh!

You guys just reminded me I should close out the credit card accounts of my dearly departed aunt who passed away months ago.

Thank you for delivering a dose of reality.

 
At 11:14 PM, Anonymous Anonymous said...

Man, there's even no rest for the dearly departed.

This identity thief should be locked up not in a jail, but forced to dig fresh graves and maintain the grass of the existing ones....for about the next 10 years!

 
At 12:55 AM, Anonymous JacquiLChi011 said...

Yeah, now I can see those swarmy pre paid legal salesman coming out of the woodwork to offer all of us a great deal on their identity theft insurance for our dearly departed loved ones.

I, for one, will simply use your tips and close down all of the deceased credit accounts and file a death notice with the credit bureaus.

 

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