Sep 01
Federal Reserve Chairman is Victim of Identity Theft
According to USA TODAY, no one is safe from identity theft, not even the chairman of the Federal Reserve.
Chairman Ben Bernanke’s personal checking account was compromised in an identity-theft scheme after his wife’s purse, which contained her Social Security card, checkbook, credit cards and IDs, was stolen last August. Shortly after, a thief began cashing checks on their bank account. The thefts helped fuel an ongoing investigation into a major identity theft ring.
The ring was responsible for more than $2.1 million in fraudulent charges, which involved at least 10 financial institutions. Clyde Austin Gray Jr., a suspected ringleader in the scams, pleaded guilty on July 22 in a federal court in Virginia. Authorities believe that Gray hired pick pockets then made counterfeit IDs so that they could conduct fraudulent bank transactions.
“Identity theft is a serious crime that affects millions of Americans each year,” Bernanke said in a statement. “Our family was but one of 500 separate instances traced to one crime ring. I am grateful for the law enforcement officers who patiently and diligently work to solve and prevent these financial crimes.”
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