OR: Former Bank Manager Guilty of Identity Theft, Bank Fraud
Another insider breach involving bank personnel:
Randy Arlan Mainwaring, 41, former manager of the Thurston Branch of Key Bank in Springfield, Oregon, pled guilty to identity theft and bank fraud in federal court Monday. He is scheduled to be sentenced on July 17, 2012 before U.S. District Judge Michael R. Hogan.
In pleading guilty, Mainwaring admitted that on January 29, 2007, while serving as the manager of the Thurston branch of Key Bank, with the intent to deceive Key Bank, he used a Social Security account number of another person—a previous Key Bank account holder—to open up a bank account at Key Bank without that person’s authorization. He also admitted that on May 10, 2007, as the manager of the Thurston branch of Key Bank, he transferred the names, dates of birth, and Social Security account numbers of 2,937 present or previous account holders of Key Bank to his personal e-mail account. He admitted that he transferred this identification without authorization of Key Bank or the account holders, intending to use them for his personal financial gain. Mainwaring also admitted that in August 2010, he attempted to obstruct justice by threatening and intimidating a witness. Mainwaring agreed that his sentence should be increased because (1) the offense involved more than 250 victims; (2) he used personally identifiable information of another person to open up a bank account without authorization; (3) he abused a position of trust; and (4) he obstructed justice by threatening and intimidating a witness.
As a result of his conduct, Key Bank incurred $44,937.66 in expenses, including credit monitoring services to the affected account holders. Mainwaring agreed to pay restitution in that amount to Key Bank.
The maximum statutory penalty for bank fraud is 30 years in prison and a $1,000,000 fine, followed by a five-year term of supervised release. The maximum statutory penalty for identity theft is five years in prison and a $250,000,000 fine, followed by a three-year term of supervised release.
The case is being investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant U.S. Attorney Sean B. Hoar.
Source: U.S. Attorney’s Office, Oregon