Innovative Funding Strategy: Steal Employees' IDs, Apply For Loans And Credit Cards In Their Names

from the nothing-to-it dept

It's one thing to be the victim of identity theft where the crook uses your identity to get loans, lines of credit and credit cards, but it's taken to an entirely different level when it's the CEO of a well-known company, and the victims are his employees. That's apparently what happened with Compulinx. Apparently, the company needed some money, and rather than raising it the old-fashioned way, the CEO and his nephew are accused of taking the data they had on file of some of the company's 50 employees, and using them to get loans, lines of credit and credit cards. The employees were apparently totally unaware that their CEO was pretending to be them, and sometimes claiming (falsely) that they were officers of the company.


Reader Comments (rss)

(Flattened / Threaded)

  1.  
    identicon
    kuronoir, Nov 2nd, 2006 @ 2:37am

    cake too

    Wonder if a credit check was part of the hiring process? I mean why hire someone you can't steal from.

     

    reply to this | link to this | view in thread ]

  2.  
    identicon
    RantMax, Nov 2nd, 2006 @ 3:47am

    Everyone has a shot at being an idiot

    When you plan to commit a crime, you need to sit down and plan an exit strategy.

    If you'll end up failing and going to jail 100%, why go through all the effort and ruin countless other lives (for the purpose of this post: public int countless = 50).

    Well, because you're an idiot. You embark on a glorious journey to save your precious company by committing identity theft which will 100% be discovered and the evidence pointing at you from all directions.

    And this is why, there's no much point discussing all this. Idiots are born every second. Due to some complex processes of chance, chaos, various circumstances, some of them end up CEO's of their own companies.

    And then as idiots, they do something idiotic. It's still sad, but nothing out of the ordinary.

     

    reply to this | link to this | view in thread ]

  3.  
    identicon
    Sea Man, Nov 2nd, 2006 @ 8:03am

    That "public int countless" should be private so that you can include the "credit check" rule in your setter.

     

    reply to this | link to this | view in thread ]

  4.  
    identicon
    Anonymous Coward, Nov 2nd, 2006 @ 11:06am

    Prevent This

    Quick! Someone needs to make a law to prevent this sort of thing from happening again!

     

    reply to this | link to this | view in thread ]

  5.  
    identicon
    Dosquatch, Nov 2nd, 2006 @ 11:26am

    Re: Prevent This

    Quick! Someone needs to make a law to prevent this sort of thing from happening again!

    ... or patent it as a business method.

     

    reply to this | link to this | view in thread ]

  6.  
    identicon
    رامي, Nov 24th, 2009 @ 4:36am

    i want to stel

    dghbhggbbhg

     

    reply to this | link to this | view in thread ]


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