Tuesday, March 27, 2012

Microsoft co-founder Allen has identity stolen

In the last half year, I know of two friends who had their identity stolen and their bank accounts cleared out, in one case by someone gambling at Las Vegas. They got their money back, but it was a hassle. ane this must be contributing to the cost of checking accounts and credit cards.

http://www.msnbc.msn.com/id/46872495/ns/business-us_business/#.T3JHYNlLPwI

By RANDY PENNELL Mar. 27, 2012

PHILADELPHIA — An AWOL soldier's simple scheme to defraud one of the richest men in the world has landed him in federal custody, according to a criminal complaint.

In the complaint unsealed Monday, federal investigators allege Brandon Lee Price changed the address on a bank account held by billionaire Microsoft co-founder Paul Allen, then had a debit card sent to his Pittsburgh home so he could use it for payments on a delinquent Armed Forces Bank account and personal expenses.

[...]

Just under 280,000 cases of identity theft were reported in 2011, according to the Federal Trade Commission's Bureau of Consumer Protection. That includes complaints through the Better Business Bureau and state attorney general offices and other law enforcement agencies.

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