NY bank IT tech pleads guilty to data theft, fraud

A former computer tech has pleaded guilty to stealing info on 2,000 employees

A former IT staffer with the Bank of New York Mellon pleaded guilty Thursday to stealing sensitive information belonging to 2,000 bank employees and then using that data to steal more than US$1 million from charities.

Adeniyi Adeyemi, 27, had worked as a contract computer technician at the Bank's Manhattan headquarters, and the data he allegedly stole belonged primarily to co-workers in the bank's IT department.

He pleaded guilty to theft, money laundering and computer tampering charges in New York City Criminal Court Thursday, the New York District Attorney's Office said in a statement.

Over an eight-year period, Adeyemi stole more than $1.1 million from charities by transferring funds from the charities' bank accounts into bogus accounts he'd set up using the personal information of his former co-workers, prosecutors say. He "input the charities' banking details, including account and routing numbers, to set up wire transfers on the E*Trade and Fidelity sites from the charities' account to his dummy accounts, and withdrew the stolen funds or transferred them to a second layer of dummy accounts," the district attorney's office said in its press release.

More than a dozen charities were victimized, including Goodwill Industries of Greater New York, the Jacksonville Humane Society and the International Association of Women Judges, all of which had publicized their bank account details in order to receive donations.

Fraudsters are able to transfer money from bank accounts using a back-end system used for interbank transactions called the Automated Clearing House (ACH) network, which has been used to move tens of millions of dollars in fraudulent transactions over the past year.

Adeyemi also admitted to stealing money from his former colleagues, taking control of their online bank accounts and then wiring money to his dummy accounts, the district attorney said.

He spent the proceeds on U.S. Postal Service money orders, to pay his rent and credit cards, and to purchase goods that were then shipped to Nigeria, prosecutors said. He is scheduled to be sentenced on July 21.

Robert McMillan covers computer security and general technology breaking news for The IDG News Service. Follow Robert on Twitter at @bobmcmillan. Robert's e-mail address is robert_mcmillan@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags fraudcybercrimelegalfinanceindustry verticalsCriminalBank of New York MellonNew York District Attorney

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Robert McMillan

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?