Friday, Oct 31st

Last update:05:18:56 PM GMT

Countrywide Mortgage Holders May Be Subject to Identity Theft

E-mail Print
Share
Countrywide mortgage has just revealed that their customer database has been comprimised by an employee's plot to steal and sell the information.
In early August, the FBI arrested 36-year-old Rene Rebello, a former Countrywide employee in Pasadena and another man who is said to be involved in an alleged scheme to steal and sell sensitive personal information, including security numbers, of as many as two million mortgage applicants.

This alleged scheme took place during a two year period through July, which authorities are calling the largest in years.

Authorities also arrested Wahid Siddiqi, 25, at his home in Thousand Oaks. Authorities alleged that he was a reseller of Countrywide data, and is now facing fraud charges.

"Both of those individuals have been indicted and pending trial," explains Steve Dupri, of the FBI.

Authorities say that for two years, the Coutrywide employee went in to the office on Sunday nights and copied personal information onto his flash drive. He then allegedly sold it to the second suspect for an estimated $70,000...

According to the U.S. Attorney's Office, most if not all of the information was sold to people in the mortgage industry as leads; to make new pitches.

Clearly, there could be more people in trouble in this situation, when they figure out where the information ended up. But, Countrywide says they will pay for two years of a credit monitor service for the customers who's information was compromised
This is a heads up to Countrywide customers to keep a close eye on their credit reports in the coming months, as clearly authorities are not sure exactly who has access to the stolen information and for what purpose.

In these bad economic times, having a thief steal your identity is the last thing you need.

Comments  

 
0 # Guest 2008-11-21 04:59
are there any class action lawsuits against Countrywide for this problem?>
Reply | Reply with quote | Quote
 

Add comment

Security code
Refresh

Latest Comments

From the Forum

Article Roundup

Sarah Palin's Teen Daughter Gives Birth

Teen pregnancy.  Hypocrisy.  Sarah Palin. Republicans.  Those terms sum up very neatly this story.  Sarah Palin's teen daughter has just ...

Read more

Stupid Americans

News image

There was a news commentary where a reporter was out in public asking total strangers how they feel about Russia's wa...

Read more

These Pod People Want to Be the First Family

News image

Just look at this picture.  Really...look at it.  Doesn't it creep you out. Now I usually don't judge people by how ...

Read more

Spanish Basketball Team Strikes a Slanty Eye Pose

What is wrong with people in that country?  I can't imagine how anyone could think that this would be good ...

Read more

Michael Brewer 15yo, Burned Alive

News image

Five teens doused 15yo Michael Brewer with rubbing alcohol and then set him on fire, burning 65 percent of his bo...

Read more

Republican Charged with Sexually Assaulting 14 Year Old

Sigh. Another day, another politician caught being criminial minded.  Missouri republican representative Scott Muschany was indicted for sexually assaulting ...

Read more

Census Worker's Death was a Suicide

News image

Remember this story back in September 08? A Census worker, 51yo Bill Sparkman, was found dead - hands and feet ...

Read more

Michael Dunn - Shooter of Unarmed Teen Charged with First Degree Murder

News image

Well, this looks like swift justice.  Remember the case of Michael Dunn?  The gun nut who shot up a vehicle fu...

Read more

Bush Will Leave a Trillion Dollar Present for the Next President

News image

The Bush administration has been a disaster.  How much of a disaster...oh about a half a trillion dollars worth....

Read more