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Ex-JPMorgan staffer charged with selling customer account info

01 May 2015  |  4455 views  |  0 JPMorgan

A former JPMorgan Chase worker has been arrested by the FBI on charges that he stole customer account information and sold it to an undercover informant.

Unsealed court records dug up by The Register detail how last November a confidential informant told the FBI that he was contacted by Peter Persaud, who worked at a Chase branch in Brooklyn, about a scheme to steal money from the bank's customers.

Persaud is accused of arranging a meeting in November with the informant - who was not then working for the FBI - and handing over two pieces of paper containing a debit card number, expiration date and security code, as well as the victim's address, social security number and date of birth.

Persaud then told the informant to go to a cheque cashing store and pick up a wire transfer of $2500 from the victim's account, according to the documents. After this was done the informant gave the money to Persaud and the two agreed to repeat the scam several times, for which the CI would receive around $5000.

The informant then started working with the FBI, which conducted surveillance on a meeting between the CI and Persaud in which the banker was given $2500 in exchange for the account information of another victim. Persaud told the informant - who was wearing a wire - that the victim's account held $19,000 and that he wanted another $7500 when this was cleared out.

Later, in January, an undercover FBI agent met Persaud, under the guise of the money man behind the informant. The FBI man gave the bank worker $3500 for information on two more victims.

Persaud's scam was cut short the following month when he was suspended by JPMorgan Chase, although he was offering details on more accounts in March before being arrested, according to the court documents.

According to Bloomberg, Persaud appeared before US Magistrate Judge Viktor Pohorelsky in Brooklyn on Tuesday and is charged with one count of scheming to defraud a financial institution.


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