$11 Million Identity Theft Ring Busted in Philly
Philadephia, known as the city of brotherly love, was
just recently found to have a little too much of the wrong
kind of affection. It seems, identity thieves had been
loving the target rich environment Philadelphia presented
as a 10 member identity theft ring were charged
for a massive fraud scheme.
That fraud scheme involved fraudulent mortgages
involving 180 properties which could potential cost
the government and private mortgage lenders
Additionally, another fraud ring of 10 identity thieves,
managed to steal from 4 different Philadelphia banks for
over 17 months using an elaborate, well organized
system designed to gather detailed consumer information
used in check cashing scams.
This scam netted over $1 million dollars from
unsuspecting bankers and consumers.
All totalled, two identity theft rings involving 20 people
and over $12 million dollars in fraud in Philadelphia.
So, our tip for today, is if you live in Philadelphia and
have accounts with PNC Bank,Wachovia Bank, M&T Bank, or
Commerce Bank during the time period of 2/2004 to 11/2005
now's a great time for you to review your other banking
alternatives as well as to seek account monitoring to
alert you of any future unauthorized account