IT analyst at NY Fed Reserve Bank pleads guilty to ID theft scheme

A former employee of the Federal Reserve Bank in New York, Curtis L. Wiltshire, pleaded guilty today to one count of bank fraud and one count of aggravated identity theft for having obtained student loans using stolen identities.

Kenneth Wiltshire, Curtis Wiltshire’s brother, pleaded guilty to related charges on September 15, 2009.

According to the undictment to which Wiltshire pleaded guilty, other documents filed in this case, and
statements made in court during today’s plea proceeding:

Wiltshire 34, of Staten Island, New York, previously worked as an information and technical analyst at the Federal Reserve Bank of New York (“FRB-NY”) in lower Manhattan. In that capacity he had access to information about FRB-NY employees, including names, dates of birth, Social Security numbers, and
photographs. From 2006 to 2008, Wiltshire stole identities from the FRB-NY and used them to fraudulently obtain student loans from various federally insured banks. Over the course of the scheme, he sought multiple student loans, resulting in a total loss of approximately $200,000.

The bank fraud charge carries a maximum term of 30 years in prison and a maximum fine of the greatest of $1 million, or twice the gross gain or loss from the offense. The aggravated identity theft charge carries a mandatory two-year term of imprisonment, which must be consecutive to the sentence on the bank fraud charge, and a maximum fine of the greatest of $250,000, or twice the gross gain or loss from the offense.

Wiltshire is scheduled to be sentenced by United States District Judge P. Kevin Castel on January 8, 2010, at 3:30 p.m. Kenneth Wiltshire”s sentencing before Judge Castel is scheduled for January 8, 2010, at 3:00 p.m.

Photo Credit: Federal Reserve Bank of New York Building panorama by epicharmus/Flickr, used under Creative Commons License

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