Feds charge 3 in massive credit fraud scheme

Tuesday, 26 November 2002, 2:25 PM EST

"We know of approximately 30,000 victims -- and the numbers are growing every day -- and of losses that are in the millions and growing every day," U.S. Attorney James Comey said. "In short, with a few keystrokes, these men picked the pockets of tens of thousands of Americans, and in the process, took their identity, stole their money and swiped their security."

Philip Cummings, 33, a British citizen, worked as a help desk employee at Teledata Communications Inc. in Bay Shore, New York. The company provides the software and the hardware allowing banks and other lending agencies to get commercial credit information from three national agencies -- Equifax, TransUnion and Experian.

Cummings is accused of using his position on the company's customer service desk to obtain access codes that companies use to check a potential buyer's credit with the three major credit agencies.

[ Read more ]

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