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Keith Appleyard

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Keith Appleyard - available for hire

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A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.

Nigerian stole 500,000 dollars to buy luxury goods

01 September 2010  |  4023 views  |  1

According to the NY Daily News, Iguosade Osahon, a 28-year-old Nigerian-born student, has been charged with stealing the identities of 750 victims and used the $500,000 he stole to buy Rolex watches, Louis Vuitton bags and jewelry at Tiffany & Co.

He stole his victim’s personal info by trawling online data traffickers for personal information – names, birth dates and social security numbers – focusing on people who lived in wealthy Postal codes. He then went to Experian and other Credit Agencies and ordered credit reports, which are readily available if you have that personal data.

Osahon collected 800 such credit reports and used them in turn to gain access to bank and credit card accounts of his victims. He has been charged with 147 counts of computer tampering, grand larceny and identity theft, and faces up to 15 years behind bars if convicted – but at the moment he’s pleading not guilty.

If you haven’t checked your own Credit Report in the last year, then I encourage you to do so – I checked mine last month after Santander said there were problems on my record (which I presumed was exemplary). Turned out Santander staff were misreading the Experian report, but I did find there was an ‘association’ – a connection linking my financial status with that of another person – still in force from a previous relationship, which I’m having removed.  

TagsSecurityRisk & regulation

Comments: (1)

John Dring
John Dring - Intel Network Services - Swindon | 03 September, 2010, 12:58

I'm on a roll today.

AFAICS, messing with your credit references is a minefield.  Most people stick their head in the sand and hope its all OK, because as soon as you start to try to 'update' it, it gets messy.  Once errors get on there, it seems pretty impossible to get it corrected.  Even checking it too often can count against you!

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job title IT Consultant
location Bromley
member since 2008
Summary profile See full profile »
Focussing on IT Strategy and Systems Architecture issues, primarily in the Payment Card Industry - scope is Global. SME on topics such as Data Protection and Encryption.

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