[The security box] Former TD Bank, Bank of America employee allegedly helped email scammers launder money

[Jared Rimer]

Sadly, this story does have a TNO aspect to it as yoiu don't know.  The 
ATT hack was an inside job from what I hard, but I have never seen an 
article on it.

Jared Rimer
Check out my shows on 986 the mix. www.986themix.com/schedule for more 
info. Shows are on Wednesdays, Saturdays and Sundays
Wednesday's show is on the independent channel. Check schedule for time
www.jaredrimer.net for my other site.

On 10/8/2021 9:05 PM, Jennifer Martinez via Thesecuritybox wrote:
> One of these fools was a relationship manager? What is that? It can't be 
> a counseling thing at the bank! Lol! All kidding aside, TNO folks. Some 
> people have spoiled the bunch., in this and all cases. Again TNO! These 
> are always wolves in sheep's clothing. Your closest friend could 
> actually be your worst enemy. I speak from personal experience. Trust 
> me. Better yet TNO. TYA, you are better off.
> 
> Sent from Yahoo Mail on Android 
> <https://go.onelink.me/107872968?pid=InProduct&c=Global_Internal_YGrowth_AndroidEmailSig__AndroidUsers&af_wl=ym&af_sub1=Internal&af_sub2=Global_YGrowth&af_sub3=EmailSignature>
> 
>     On Fri, Oct 8, 2021 at 2:16 PM, Jared Rimer via Thesecuritybox
>     <thesecuritybox at 986themix.com> wrote:
> 
>     Former TD Bank, Bank of America employee allegedly helped email
>     scammers launder money
>     Cyberscoop »   /  Jeff Stone
> 
>     An accused money launderer allegedly used his position as an
>     employee at Bank of America and TD Bank to aid an email fraud scheme
>     that scammed five businesses out of more than $1 million.
> 
>     The U.S. Department of Justice announced Thursday that a grand jury
>     had returned an indictment against three men — Onyewuchi Ibeh, Jason
>     Joyner and Mouaaz Elkhebri — charging them with money laundering and
>     aggravated identity theft. The defendants allegedly operated a
>     business email compromise scheme, in which thieves pose as a
>     business or associate in an email then ask a victim to wire up to
>     hundreds of thousands of dollars at a time.
> 
>     Elkhebri, a 30-year-old resident of Alexandria, Va., used inside
>     access at Bank of America (where he worked as a personal banker and
>     relationship manager from 2015 through 2017) and then TD Bank (where
>     he worked from 2017 through 2018) to open multiple accounts that he
>     used to further the fraud, according to the Justice Department
>     <https://www.justice.gov/usao-edva/pr/three-men-charged-laundering-proceeds-business-email-compromise-scheme>.
>     Prosecutors allege that Ibeh’s role in the scheme was to direct
>     illicit wire transfers to specific accounts, while Joyner withdrew
>     the money in cash.
> 
>     The charges are another indication that, for scammers, internet
>     technologies are a means of enabling fraud. By masquerading as a
>     trusted entity, BEC fraudsters frequently convince
>     <https://www.cyberscoop.com/tag/business-email-compromise/>
>     corporate accountants, human resources personnel, sales associates
>     and other unwitting employees to wire money across the world. The
>     scheme in question netted some $1.1 million from five U.S.
>     businesses, a pittance of the $1.8 billion in BEC losses reported to
>     the FBI in 2020
>     <https://www.ic3.gov/Media/PDF/AnnualReport/2020_IC3Report.pdf>.
> 
>     Elkhebri opened a number of “conspirator” accounts as a Bank of
>     America employee, including an account that Ibeh used, the complaint
>     notes. During his stint at TD Bank, Elkhebri also allegedly opened
>     accounts on the conspiracy’s behalf, including one that an uncharged
>     coconspirator paid $1,000 in cash. Neither bank is accused of
>     wrongdoing.
> 
>     CyberScoop could not immediately locate an attorney for the accused.
>     TD Bank declined to comment. Bank of America did not immediately
>     respond to an inquiry on the matter.
> 
>     Additionally, surveillance video provided by the financial
>     institutions appear to show members of the conspiracy withdrawing
>     cash from brick-and-mortar bank locations.
> 
>     The Justice Department charges are the latest allegations against
>     suspected BEC scammers. European police, for instance, recently
>     arrested 23 people in connection
>     <https://www.cyberscoop.com/europol-bec-ireland-netherlands-romania-23/>
>     with a similar email conspiracy that aimed to capitalize on COVID-19
>     anxieties. In July, a federal judge sentenced a Nigerian man to
>     seven years in prison
>     <https://www.cyberscoop.com/romance-scam-bec-onoimoimilin/> for
>     using spoofed email requests to try stealing more than $2 million
>     from victims.
> 
>     A copy of the latest affidavit is available in full below.
> 
>     The post Former TD Bank, Bank of America employee allegedly helped
>     email scammers launder money
>     <https://www.cyberscoop.com/email-fraud-business-email-compromise-td-bank-america/>
>     appeared first on CyberScoop <https://www.cyberscoop.com>.
> 
> 
> 
>     Original Article:
>     https://www.cyberscoop.com/email-fraud-business-email-compromise-td-bank-america/
>     <https://www.cyberscoop.com/email-fraud-business-email-compromise-td-bank-america/>
> 
> 
> 
>     Jared Rimer
>     Check out my shows on Saturdays and Sundays right here on the mix.
>     Www.986themix.com for more details. Jared Rimer
>     Check out my show on www.986themix.com from 7 pm to 10 pm where we
>     play Magnatune and other indipendant artists
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