Police arrest California man for Wells Fargo computer theft

Police arrest California man for Wells Fargo computer theft

Police in Concord, California have arrested a man in connection with the theft of a computer containing confidential information about Wells Fargo customers.

Edward Krastof, 38, was arrested at his home in Concord on Tuesday night.

Authorities believe they have recovered the stolen PC, which contained names, addresses, account details and social security numbers for some of Wells Fargo personal line and loan customers.

US Secret Service agents, the Concord Police Financial Crimes Unit and the Northern California Computer Crimes Task Force served a federal search warrant on the residence. The Secret Service currently has custody of the stolen equipment for routine analysis.

Earlier this week Wells Fargo offered a reward of $100,000 for information leading to the arrest and conviction of the burglar, who stole the computer from the office of an analysts hired by the bank in Concord three weeks ago.

Doreen Woo Ho, head of Wells Fargo's consumer credit group, says all affected customers have been contacted since the theft of the computer.

"There continues to be no indication that any stolen account information related to this theft was misused. We intend to prosecute to the fullest extent of the law," says Woo Ho.

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