Three BofA Employees Arrested In Credit Card Scam
LOS ANGELES (AP) _ Bank of America’s Southern California credit card center is the focus of a fraud investigation, the third such probe in two years and the first in which employees have been arrested.
Three Bank of America employees were held Thursday for investigation of fraud and forgery, Secret Service spokesman Al Joaquin said.
The trio allegedly stole and sold credit cards and confidential microfilm records on about 10,000 bank customers with credit limits of up to $5,000, Joaquin said.Losses from the use of the stolen cards and data are estimated at between $2 million and $3 million, but ″we simply can’t tell without tabulating all 10,000 accounts,″ he said.
The stolen information was used to emboss blank credit cards, which were used until the credit limit was reached, Joaquin said.
Arrested were Larry Courtney, 32, and Otis Lee Richard, 23, both of Pasadena, and Paris Rene Burden, 22, of Altadena, he said.Federal agents also arrested Burden’s wife, Janice, but she was later released without charges.
The bank has supended all four employees from their jobs at the suburban Pasadena credit card center pending an internal investigation, Bank of America spokesman Ron Owens said.
There is no evidence that those arrested Thursday were involved with two other cases last year in which a total of 10 people, none of them employees, were arrested, Joaquin said.