Monday, July 27, 2009

Pingie: HTTP:: Identity Theft Kingpin Pleads Guilty

HTTP:: Identity Theft Kingpin Pleads Guilty
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A Waldorf, Maryland man pleaded guilty to conspiracy to commit bank fraud after being accused of leading a complex, identity-theft operation that involved pickpocketing, bribes and fake checks. The authorities claim the scheme resulted in over $2.1 million being lost to fraud. Clyde Austin Gray, Jr., 52, also known as "Big Head" or "Poochie," faces a sentence of 30 years in prison for his illegal activities, which involved paying others to steal personal and banking information of people across the US, Wired reports. The identity theft gang was called "Cannon to the Wiz" and had over 200 members, including thieves, as well as workers in public institutions, which Gray recruited. According to the evidence, some of them were traveling to sporting events or other events that attracted a lot of people, with the purpose of pickpocketing them and stealing their identity papers. The gang members had electronic equipment in their vehicles, such as computers and special printers,!
which allowed them to quickly forge documents, impersonate their victims and make purchases in their name, very soon after they robbed them. One particular technique used by Gray is called "split deposits" and involves sending money from one victim's bank account to another's and then withdrawing the money in their name....
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http://news.softpedia.com/news/Identity-Theft-Kingpin-Pleads-Guilty-117584.shtml

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