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CEO Nabbed for Identity Theft From Own Employees

Posted by ryuzaki0 on from the alright-people-I'm-going-to-need-some-maiden-names dept.

BuzzardsBay writes "And you think your boss is a jerk? Check out this VARBusiness story about a tech CEO the feds say was using his employees' personal information to apply for loans and credit cards to the tune of $1 million. Somewhere a whole lot of businesses who bought this guy's managed-services pitch are cringing with the thought of who is taking care of their data now. And 50 employees are gonna have to sweat out their credit reports even as they look for new jobs. Now that's a lousy boss!"

1 of 150 comments (clear)

  1. Re:sweat out their credit reports? by wolfgang_spangler · · Score: 2, Informative

    The deck is stacked even further against consumers, just like how you have to pay to get your report if you don't live in certain states...and even if you get the report for free, you don't get your FICO score...

    Do you know what a FICO score is? It is a measure of credit worthiness designed by a company based on statistics and probability. It is the product that is sold by a company, the Fair Isaac Corporation. It is the opinion of that company how likely you are to pay back a loan. Why do you feel you should be provided with this for free?

    What state is not covered by the free credit reporting measure enacted by the government?

    Makes you wonder why the courts don't automatically order credit reports of victims cleaned. The burden should NOT be on the victims, even if it is just a matter of sending a letter to the three agencies with a copy of the court docket or similar...

    I do like that though, and have often wondered the same thing myself.