Identity Theft

L&R Ops received a subpoena inquiry for David M Townley (the Client), and located a VALIC contract. A negative news search revealed Adverse Information through a media report – Raytown Man Indicated for stealing $86,000.00 from Two Churches- the Nativity of Mary Church and Sacred Heart of Guadalupe from 2006 through 2013.

There is a thief that lurks around us everyday; this thief can attack in brad day light or in the darkest hour, and just about anywhere you may find yourself. This thief has the power to act in your name, make unlimited purchases, open up credit accounts and ruin your good name and credit all in the matter of seconds; if you are vulnerable enough, you might become his next victim. In many cases all he needs is your name and a social security number, and he has enough information to make you his next victim; if you don’t believe me then ask the millions of Americans that became victim’s, or just ask me. The thief that I am talking about is identity theft. Identity theft is a

In 2014, there were an estimated 2.3 million cases, a twenty-two percent increase from the previous year (Andrews, 2016). According to the Federal Trade Commission, identity theft complaints have also increased by more than 47 percent since 2014 and it was the second most reported crime after illegal debt collection. (“FTC Releases Annual Summary of Consumer Complaints Debt Collection, Identity Theft, and Imposter Scams Remain Top Categories of Complaints Received by FTC in 2015”, 2016) “The 2017 Identity Fraud Study, released by Javelin Strategy & Research, found that $16 billion was stolen from 15.4 million U.S. consumers in 2016, compared with $15.3 billion and 13.1 million victims in 2015. In the past six years identity thieves have stolen over $107 billion.” (“Identity Theft and Cybercrime”,

Figuring out if an identity is stolen is not easy only because it can be unknown until damage is dealt. This is why identity theft isn’t easy to stop. When most people report a crime, police arrive on the scene before serious damage is dealt, but when a thief steals a person’s identity, the victim can be unaware for quite some time before they realize the amount of money they lost. According to Tracey Whittaker and Anne Dilascio, in 2003, the average money lost from identity theft per person was $4,789, but in 2006 the average was less than $2000. The average out-of-pocket cost of identity theft victims in 2005 was

Fall 2009 This case was prepared by Itir Karaesmen and Inbal Yahav of Robert H. Smith School of Business at University of Maryland, College Park. The names, locations, and other information included

Cheeseman, H. R. (2013). Business Law (8th ed.). Retrieved from The University of Phoenix eBook Collection database.

ReferencesEdition e-text] Prentice-Hall Publishing. Retrieved August 25, 2005, from University of Phoenix, Resource BUS/415-Business Law Web Site:https://ecampus.phoenix.edu/content/eBookLibrary/content/eReader.

Jordan was arrested, she had the credit card information of over 200 patients and the identify profile of over 400 patients. She was charged with 21 counts of Identity theft and 3 counts of multiple identifying information theft, and could face up to 19 years in county jail if convicted. She is accused of misusing the credit cards to purchase products for personal use.

The Florida Department of Financial Services Bureau of Insurance Fraud and the Division of Workers Compensation’s Bureau of Compliance joined forces and apprehended a business owner they believed to be operating a fraudulent workers compensation insurance and payroll services company. Ivan Hernandez is accused of taking over $1 million dollars from 58 companies who paid for workers compensation policies that never existed.

Our government is doing a better job of assisting citizens when it comes to identity theft but there is much more to do. Below are my findings.

Predication: On 06/09/17, Asset Protection Manager (APM) Jakub Orlando received an investigative, analytical lead regarding Customer Service Associate (CSA) Rose Gomez who was suspected of using her own Balance Rewards card in different customer transactions to build up the point, that were redeemed for personal gain.

On Thursday, September 8, 2016, federal regulators found that over two million fake accounts were created in a scam from Wells Fargo (Dugan). According to the New York Post, it has just been discovered that the Wells Fargo former senior executive vice president, Carrie Tolstedt, is linked to the scamming of Wells Fargo customers (Report). The many other employees were fired since the scam was discovered in 2011, however, according to the New York Post, Tolstedt was praised by Wells Fargo CEO John Stumpf, allowed to leave, and not lose any of her compensation (Report). This incident was highly unethical and resulted in customers and employees losing their trust in Wells Fargo.

7 percent of all U.S. residents aged 16 and older were victims of identity theft, thats 17.6 million persons. Out of the 17.6 million people, about 8.6 million people had their stolen credit card info used or an attempt was made to use the info in various ways. Which is up 7.7 million victims in 2012. Females were targeted more than males (9.2 million vs. 8.3 million). By race percentages of group targeted were White ( 13,264,100, or 8%), Hispanics/Latinos ( 1,789,800, or 4.9%), Black/African American ( 1,407,700 or 4.7%). The largest age bracket hit was 50-64 year olds ( 5,061,100

The government is actively involved in decreasing the amount of identity theft by providing the most effective tools to investigate and prosecute identity thieves. One of these tools is the Identity

This case was prepared by Professor Stephen E. Barndt of Pacific Lutheran University. This case was edited for 5MBP 9th Edition. Copyright C 1998 and 2000 by Stephen E. Barndt. This case was published in the Business Case [ourn Summer 1998. Vol. 1. No. t. pp. 53-{}9. Reprinted hy permission,