Original URL: http://www.channelregister.co.uk/2006/11/02/ceo_id_theft_arrest/
The head of a New York-based hi-tech firm has been arrested over charges he used the personal details of his workers to obtain fraudulent loans and credit cards under false names.
Terrence D Chalk, 44, chief exec of managed service provider Compulinx, was arrested on Tuesday and later charged alongside his nephew, Damon T Chalk, 35, with ID theft offences, following an FBI investigation.
Investigators reckon the duo sought to fraudulently obtain up to $1m in credit using the personal details - names, addresses, and social security numbers - of some of Compulinx's 50 workers without their consent. Chalk, who's charged with running up $100,000 of charges on fraudulently obtained credit card bills, faces offences punishable by up to 165 years imprisonment and fines of up to $5.5m if convicted on the eight count indictment he faces. Damon faces up to 35 years imprisonment and $1.25m in fines if convicted.
It's not clear if Compulinx can continue trading in spite of the scandal. Chalk's attorney, Mayo Bartlett of White Plains, New York, told (http://www.informationweek.com/security/showArticle.jhtml?articleID=193501071&subSection=Cybercrime) VARBusiness that he hoped Compulinx could continue operations despite the arrest of its chief exec. ®
100m US records exposed by security blunders (18 December 2006)
http://www.channelregister.co.uk/2006/12/18/data_breach_milestone/
"I have nothing to hide" - or the Sainsbury's Lesson (8 November 2006)
http://www.theregister.co.uk/2006/11/08/guilty_associations/
Blair bangs ID card drum (6 November 2006)
http://www.channelregister.co.uk/2006/11/06/blair_telegraph_id/
US ID thieves target kids (31 October 2006)
http://www.channelregister.co.uk/2006/10/31/id_theft_trends/
ID thieves pumped then dumped on brokerage houses (26 October 2006)
http://www.channelregister.co.uk/2006/10/26/id_thieves_brokerage_scam/
ID theft scam hunt goes global (25 October 2006)
http://www.channelregister.co.uk/2006/10/25/id_theft_scam_hunt/
Brits bin their identity as ID thieves prosper (16 October 2006)
http://www.channelregister.co.uk/2006/10/16/id_fraud_prevention_week/
ID theft hits home in Canada (4 September 2006)
http://www.theregister.co.uk/2006/09/04/property_id_theft_canada/
Romanian police cuff 23 ID fraud suspects (21 August 2006)
http://www.channelregister.co.uk/2006/08/21/romanian_id_fraud_clampdown/
Bogus PI coughs to ID theft charges (21 July 2006)
http://www.channelregister.co.uk/2006/07/21/bogus_pi_id_theft/
© Copyright 2008