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.
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cake too
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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.
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Prevent This
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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.
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i want to stel
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