{"id":21527,"date":"2016-03-19T13:46:10","date_gmt":"2016-03-19T20:46:10","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=21527"},"modified":"2016-03-19T13:46:10","modified_gmt":"2016-03-19T20:46:10","slug":"mastermind-paid-bank-employees-steal-pin-numbers-steal-accounts-pleads-guilty","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=21527","title":{"rendered":"Mastermind Who Paid Bank Employees to Steal PIN Numbers to Steal From Accounts Pleads Guilty"},"content":{"rendered":"<p><strong><span style=\"font-size: 14pt;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0LOS ANGELES<\/span><\/strong><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">The mastermind of a bank scheme where Wells Fargo employees stole customer account data to steal from accounts plead guilty to fraud charges, federal officials announced Friday.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-13046 alignleft\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/06\/U.S.-Courthouse-Los-Angeles-e1435018436246-300x188.jpg\" alt=\"U.S. Courthouse Los Angeles\" width=\"300\" height=\"188\" srcset=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/06\/U.S.-Courthouse-Los-Angeles-e1435018436246-300x188.jpg 300w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/06\/U.S.-Courthouse-Los-Angeles-e1435018436246-120x76.jpg 120w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/06\/U.S.-Courthouse-Los-Angeles-e1435018436246-274x173.jpg 274w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/06\/U.S.-Courthouse-Los-Angeles-e1435018436246-308x192.jpg 308w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/06\/U.S.-Courthouse-Los-Angeles-e1435018436246-610x380.jpg 610w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/06\/U.S.-Courthouse-Los-Angeles-e1435018436246.jpg 722w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Ronald Charles Reed<\/strong>, 69, of Inglewood, plead guilty Thursday to felony counts of bank fraud and aggravated identity theft.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Reed was among eight defendants who were charged in <a href=\"http:\/\/go.usa.gov\/c7ZDY\">two indictments<\/a> returned by a federal grand jury last year.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"> Three of the defendants charged in the case have not yet been identified, and authorities are seeking the public\u2019s help in identifying and apprehending the currently unknown individuals.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Reed, who is also known as \u201cDisco Ronnie,\u201d plead guilty before <strong>U.S. District Judge Fernando M. Olguin,.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Olguin scheduled sentencing for July 15. \u00a0Reed is facing up to 32 years in federal prison, according to officials.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"> \u201cSchemes involving bank insiders are particularly difficult to investigate,\u201d said <strong>U.S. Attorney Eileen M. Decker<\/strong>. \u201cBut in this case, the FBI and Secret Service diligently worked to uncover the mechanics of the scheme and those responsible for the losses suffered by the bank. I want to compliment the special agents involved in this matter, as well as Wells Fargo for cooperating in the investigation.\u201d<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">When he plead guilty, Reed admitted that he worked with former Wells Fargo employees and the three unknown individuals in a scheme that caused Wells Fargo to suffer hundreds of thousands of dollars in losses.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Reed will pay $600,000 in restitution, officials said.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Reed recruited four Wells Fargo employees in 2013 and 2014, asked them to access the bank\u2019s computer records. Reed then purchased personal identifying information or PINs belonging to bank customers, including dates of birth, account numbers, driver\u2019s license numbers and social security numbers, according to officials.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">With this information, the currently unidentified \u201crunners\u201d used fake IDs to impersonate bank customers and made substantial cash withdrawals from the customers\u2019 accounts. <\/span><\/p>\n<p><span style=\"font-size: 14pt;\">In some cases, officials said the runners also used the customer\u2019s account to deposit worthless checks and receive cash back. The fraudulent transactions were made at Wells Fargo branches across Southern California and in other states, including Minnesota and Nevada.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Reed also admitted that in 2014 he purchased the PINS at U.S. Bank \u2013 but the information was for an undercover account and was supplied by a confidential informant who was working with law enforcement.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Three former Wells Fargo employees involved in the scheme previously also pleaded guilty and are pending sentencing. A case against one former Wells Fargo employee is still pending.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">\u201cThe FBI is seeking the public&#8217;s help in identifying three individuals who participated in the scheme by going into bank branches with fake IDs to illegally access customer accounts,\u201d said <strong>FBI Assistant Director in Charge<\/strong> <strong>David Bowdich<\/strong>. \u201cAnyone with information is urged to call the FBI\u2019s Los Angeles Field Office at 1-888-226-8443.\u201d<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">The FBI and the U.S. Secret Service investigated this case.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Wells Fargo Bank fully cooperated during the investigation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0LOS ANGELES &nbsp; The mastermind of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":21534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,1479,3],"tags":[],"class_list":["post-21527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-main-slider","category-securities-and-exchange-commission","category-u-s-department-of-justice"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mastermind Who Paid Bank Employees to Steal PIN Numbers to Steal From Accounts Pleads Guilty<\/title>\n<meta name=\"description\" content=\"\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0LOS ANGELES &nbsp; The mastermind of a bank scheme where Wells Fargo employees stole customer account\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cjnotebook.com\/?p=21527\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mastermind Who Paid Bank Employees to Steal PIN Numbers to Steal From Accounts Pleads Guilty\" \/>\n<meta property=\"og:description\" content=\"\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0LOS ANGELES &nbsp; 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He has worked as a newspaper reporter for more than 30 years at the El Paso Herald-Post, El Paso Times, Press Enterprise in Riverside, California and the Ventura County Star in California. He was a court reporter for more than 20 years.\",\"sameAs\":[\"https:\\\/\\\/cjnotebook.com\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mastermind Who Paid Bank Employees to Steal PIN Numbers to Steal From Accounts Pleads Guilty","description":"\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0LOS ANGELES &nbsp; The mastermind of a bank scheme where Wells Fargo employees stole customer account","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cjnotebook.com\/?p=21527","og_locale":"en_US","og_type":"article","og_title":"Mastermind Who Paid Bank Employees to Steal PIN Numbers to Steal From Accounts Pleads Guilty","og_description":"\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0LOS ANGELES &nbsp; 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