JPMorgan Chase Private Banker Busted Selling Client Information

JPMorgan Chase Private Banker Sentenced to Four Years in Prison for Selling Customer Account Information

JPMorgan Chase Private Banker JPMorgan Chase private banker Peter Persaud to 48 months in federal prison for aggravated identity theft. Persaud pleaded guilty on March 7, 2017.
For nearly four years, Persaud obtained and sold for profit the personal banking information of his clients.
Persaud pilfered social security numbers and bank account numbers. He also stole card details (expiration date, PIN, CVV) and physical addresses. Additionally, he sold the birth dates of clients.
Persaud did not access the information without authorization. Persaud collected it when meeting with the bank’s clients. Thus, having a reason for accessing the accounts.
It seems the person Persaud originally approached to sell the data informed the FBI. He also wore a wire in later dealings with Persaud wore a wire and recorded phone calls to gather evidence.

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