Bank IT worker admits stealing $1m from charities

A former contract IT worker for a New York bank has admitted to stealing $1.1 million from charities’ bank accounts and hiding the funds in false accounts he set up using personal data of other bank employees.

Adeniyi Adeyemi admitted in court that while working for the Bank of New York Mellon, he stole the personal data of 2,000 employees. He fraudulently set up wire transfers from the bank accounts of various charities to the false accounts he created using that data. Adeyemi also stole from the employees themselves.

He was arrested after the Electronic Crimes Task Force of the United States Secret Service traced “suspicious Internet activity” to wireless routers in the building where Adeyemi lived.

Adeyemi pleaded guilty to charges of theft, money laundering and ‘Computer Tampering in the First Degree’. He could face up to 25 years in prison.

Pete Swabey

Pete Swabey

Pete was Editor of Information Age and head of technology research for Vitesse Media plc from 2005 to 2013, before moving on to be Senior Editor and then Editorial Director at The Economist Intelligence...

Related Topics