Largest ID Theft Scheme, Man Charged.

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Federal prosecutors charged a Miami man with the largest case of credit and debit card data theft ever in the United States, accusing the one-time government informant of stealing 130 million accounts on top of the 40 million he stole previously.  Albert Gonzalez, 28, broke his own record for identity theft by hacking into retail networks.  Gonzalez is a former informant for the U.S. Secret Service who helped the agency hunt hackers. The agency later found out that he had also been working with criminals and feeding them information on ongoing investigations. The new gangsta, cyber style.

Man charged in largest-ever ID theft scheme – Security- msnbc.com.

Willie D Arrested For iPhone Fraud.

Founding member of the historic rap group “The Geto Boys”, Willie D was busted by the Feds for allegedly running a scam involving iphones. Willie D A.K.A. William James Dennis was arrested after an indictment for his relationship with Texas One Wireless. Check it out. If convicted he faces 20 years. What the hell is going on? Rappers buggin’ out….

AllHipHop.com Daily News – : Willie D Busted For iPhone Scam; Faces 30 Years.

Identity Thieves Cash In On Staten Island, $500G Plus!

Seems like a couple of cats got together and came up with a crafty little hustle, rigging ATM’s to record the information of it’s users. Then emptying bank accounts with the information retrieved. For now, it seems this rash of events was concentrated on Staten Island.

ATMs on Staten Island rigged for identity theft; bandits steal $500G.

Marc Dreier N.Y. Lawyer Pleads Guilty To Fraud Scheme.

A prominent New York lawyer, Marc Dreier plead guilty yesterday to masterminding yet another fraud scheme. As he took from hedge funds and investors up to 400 Million Dollars. Throw the book at his ass, these “loopholes” in Capitalism are gonna remain, and they’ll just be new hustles.

Marc Dreier, New York Lawyer, Pleads Guilty in Fraud Scheme – NYTimes.com.