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.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
cake too
[ link to this | view in chronology ]
Everyone has a shot at being an idiot
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.
[ link to this | view in chronology ]
[ link to this | view in chronology ]
Prevent This
[ link to this | view in chronology ]
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.
[ link to this | view in chronology ]
i want to stel
[ link to this | view in chronology ]