NRI charged ID theft and
bank fraud in New Jersey
TRENTON, NYC, Aug 02, 2007
NRI Nazeem Patel, 38, aka Nazeem Van Steen, Sandra Place was
indicted on 19 counts of bank fraud by federal grand jury. Patel,
of Sandra Place in Brick, was a Sovereign Bank employee from Feb.
5 to March 8, when he was fired from his position at the Burnt
Tavern Road branch, according to the U.S. Attorney's Office.
Patel had access to customers' account data and confidential
information such as Social Security numbers, current addresses,
account numbers, dates of birth, phone numbers, mothers' maiden
names and e-mail addresses, the indictment states.
Patel repeatedly accessed three bank accounts between Feb. 22
and April 6, and requested online checks totaling more than $228,000
payable either to himself or to various high-end jewelers. He
diverted funds from three customer accounts - $51,800 from "K.D.,"
$110,400 from "M.S." and $46,199 from customer "T.H.,"
according to the indictment. The indictment further charges that
Patel used the stolen funds to purchase jewelry and other items
through e-mail or through the eBay Web site.
A spokesman for the U.S. Attorney, said Sovereign Bank reported
the suspicious activity to investigators, and that Patel was arrested
on April 17. He was later released on a $250,000 bond.
Maximum penalty of Frauds:
- The count of identity theft carries a maximum
penalty of five years in prison and a fine of $250,000.
- The count of aggravated identify theft carries
a maximum penalty of two years in prison to be served consecutively
to any other sentence imposed and a fine of $250,000.
- Each count of bank fraud carries a maximum
penalty of 30 years in prison and a fine of $1 million