If you don't check your bank and credit card statements on a regular basis, it could cost you big time. Just ask fraud victim Paul Agne.
“They were hitting my home equity line. They got $10,000 out on time, $12,000 the other time,” he said.
Agne is talking about the thieves who stole his identity with the help of an acomplice inside his bank.
“When you have the assistance of someone on the inside that has all the answers to the security questions, it becomes quite easy,” said US Postal Inspector, Rodney Bohanon.
With Agne's personal information, the identity thieves went to work.
“They were taking the money out and opening a joint account in my name and the other person’s name. They had four or five of my credit cards which they were charging on. They also had two different driver’s licenses in my name,” said Agne.
And he was just one of many.
“This case was approximately 35 victims with a dollar loss of $1.4 million,” said Bohanon.
You can help avoid ending up like Agne by never putting your bank or credit card information in the garbage or recycling bin.
“Shred it or burn it so nobody can get the information. You should just have to look at your account statements; check them monthly and when you notice something has happened, contact the financial institution as well as authorities,” warns Bohanon.
The suspects in this case are charged with bank fraud and are still awaiting sentencing. They could face a million dollar fine and up to 30 years in prison.