IT worker indicted for grand larceny in $1m fraud

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IT worker indicted for grand larceny in $1m fraud

Karl Flinders

An IT worker at a US bank has been indicted on charges including stealing the identities of 150 workers at the Bank of New York Mellon, during an eight-year crime spree.

Adeniyi Adeyemi of Brooklyn, who is 27, allegedly used the stolen identities, mainly from IT workers, to steal over $1.1m from institutions including charities.

According to The New York County district attorney, Adeniyi Adeyemi used his computer skills to steal money and hide it away in fake accounts.

The New York County district attorney said Adeyemi was indicted on charges of grand larceny, identity theft, money laundering, scheme to defraud, computer tampering and unlawful possession of personal identification information.

The crimes took place between November 1, 2001 and April 30, 2009.

"In the course of his tenure at Bank of New York, Adeyemi stole the personal identifying information of dozens of Bank of New York employees, mainly in the Information Technology Department where he was assigned," said the district attorney.

The indictment alleges that Adeyemi used the employees' personal identifiers to open over 30 bank and brokerage accounts with several financial institutions.

These accounts were used to receive funds which were stolen from the bank accounts of charities and non-profit organisations.

"In the interests of facilitating donations, many charities readily disseminate their banking details on the Internet, making them easy prey for unauthorised withdrawals by identity thieves, particularly those with computer expertise such as Adeyemi," said the district attorney. It said most of the theft was perpetrated over the internet.


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