CC Scam by Citibank India Exec

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Mogul of Pineapples
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CC Scam by Citibank India Exec

Postby Mogul of Pineapples » Tue Jun 23, 2009 3:25 am

An executive that worked for Citibank India was just arrested along with two others. According to New Delhi police, they were defrauding high limit credit card customers in the country out of big bucks and then splitting the money amongst themselves. The Citi Employee (Kapoor) would give his accomplice access to Citi's servers which contained customer info. He would then turn around and use those credit card accounts fraudulently.

Rs 1-crore fraud unearthed, bank exec among 3 held - Delhi - Cities - The Times of India

I wonder if something like this has ever happened in the US?
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Postby jeffysdad » Tue Jun 23, 2009 9:19 am

Citi CEO Vikram Pandit is from India and has been on the ropes during bailout season. Also, just this week Citi's Asia Pacific head said he's leaving for MasterCard where he's to eventually become CEO.
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