Monday, Nov 24th

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

Deadbeat Banks Owe the FDIC 10 Years Worth of Back Payments

I know what you are thinking.  Banks owe the FDIC money?  Ten years worth?  How is that possible?   Here's how.  ...

Read more

MMA Fighter Arrested for Killing and Eating Friend's Heart

News image

File this one under, "Don't try this at home kids".  MMA fighter Jarrod Wyatt killed his friend and then proceeded to re...

Read more

Bush a World Embarassment!

News image

Bush in the Middleast on a peace mission. can you imagine such audacity? Honestly, you couldn't make this stuff up. Bush is...

Read more

Lifelike Pundits - Blog

News image

BlancaDebree's Faggot Please Blog Blanca has an opinion on another Blog. Lifelike Pundits - This Blog was created by a an openly ...

Read more

Abortion Doctor Murdered

News image

A Kansas abortion doctor, George Tiller, was shot and killed during a Sunday church service he was a...

Read more

Blog Promotion

Our little site has really grown.  So far we have been kind of passive with the advertising of the site. ...

Read more

Joe The Plumber is an Author

Joe Wurzelbacher has a new book! His 15-minutes of fame during the Presidential debates last year has now stretched to ...

Read more

Home Sale Fraudsters in Philadelphia Busted

In these hard times the fraudsters come out in force. This time the scam of the day for fraudsters was ...

Read more

California Jenny Oropeza Wins Her Seat

News image

Incumbent Democrat Jenny Oropeza wins her own 28th District Senate Seat. She wins 58% to 36% over her Republican challenger, Jo...

Read more