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NRI indicted for bank fraud

india Updated: Aug 06, 2007 11:49 IST
IANS
Indian American

An Indian American has been indicted by a New Jersey court on numerous charges of identity theft and bank fraud amounting to over $200,000.

Nazeem Patel, while working with Sovereign Bank in New Jersey had access to detailed account data of customers and confidential information such as social security numbers, account numbers, dates of birth and phone numbers, the indictment stated on Thursday.

The court found that Patel used the confidential data and repeatedly accessed the accounts of three bank customers through the bank's online services to buy watches, jewellery and other luxury items on the eBay Internet auction site, Brick Township Bulletin newspaper reported.

Patel created fake eBay accounts and siphoned $51,800, $110,400 and $46,199 from the three customers' accounts, the court found. He was arrested on April 17.