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May 15, 2024

Bank Employee Attacks Hundreds of Accounts, Sells Customers’ Payment and Personal Data in Insider Scheme: US Justice Department Allegations

By Henry Kanapi

An employee at a US bank repeatedly stole and sold customer data in a lucrative insider scheme, according to the US Justice Department.

The United States Attorney’s Office for the Eastern District of Pennsylvania says it’s indicting California resident Kalien Frazier on six counts of wire fraud and one count of aggravated identity theft.


Prosecutors say from March 30th, 2022 to August 30th 2023, Frazier used his role as a customer service representative at an unnamed FDIC-insured bank to collect sensitive client data including account details, debit card details, card verification value (CVV) and personal identifying information.

Frazier allegedly asked customers to provide confidential data even in situations when he was not required by the bank to do so.

After collecting customer data, Frazier allegedly advertised on group chats that he was selling bank account details and warned would-be buyers that they had to stay under certain limits to avoid being detected.

According to prosecutors, Frazier’s scheme hit hundreds of accounts.


“As alleged in the indictment, Frazier sold or transferred information on hundreds of bank accounts to third parties. As a result of Frazier’s scheme, unauthorized electronic payments and transfers were made from hundreds of bank accounts.” 

Frazier is now facing a maximum sentence of more than 120 years behind bars if convicted on all counts.

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