BROOKLYN – Earlier today, in federal court in Brooklyn, Peter Persaud, 28, a former personal banker at JP Morgan Chase Bank, was sentenced to 48 months’ imprisonment for aggravated identity theft in connection with access device fraud. Persaud pleaded guilty to these charges on March 7, 2017.
According to the publicly filed documents and facts presented at sentencing, from 2011 to 2015, Persaud sold personal identifying information and account information that belonged to bank customers to others, or used it himself, in order to make unauthorized withdrawals from the accounts. Persaud’s scheme was exposed when he sold this information to a confidential informant in 2014 and to an undercover law enforcement officer in 2015.
Persaud told the undercover officer that he had to “take it easy” because Chase might notice he had accessed all of the bank accounts that “got hit.” Persaud offered to sell the undercover officer identifying information for a client’s bank account that contained more than $180,000.