According to Manhattan prosecutors, Adeyemi, of Crown Heights, was employed for three months as a computer technician contractor at the headquarters of the bank in 2001 when he was 19 years.
He was arraigned in State Supreme Court before Justice Carol Berkman.
The scam started in November 2001 and lasted till April of this year.
It was during his employment that he stole the personal identifying information of dozens of Bank of New York employees, mainly in the Information Technology (IT) department, where he was assigned, said Manhattan District Attorney, Robert M. Morgenthau.
Over the next few years, he used this information to open over 30 bank and brokerage accounts in their identities with firms including E-Trade, Fidelity, Citi, Wachovia, and Washington Mutual.
The accounts served as dummies for receiving stolen funds.
Adeyemi, now 27, stole money from the bank accounts of charities and non-profit organisations and funnelled it into the dummy accounts, later withdrawing the stolen funds or transferring them to a second layer of dummies.
He was assisted in the theft because, in the interests of facilitating donations, many charities put their banking details on the Internet, making them easy prey for unauthorised withdrawals by identity thieves, particularly those with computer expertise such as Adeyemi.
Adeyemi was also accused of stealing from Bank of New York employees.
Morgenthau said that the suspect changed the contact information associated with their online banking profiles, took control of their accounts and wired money to dummies.
Wiring just under $10,000 at a time to avoid hitting the threshold at which all financial institutions must report transactions to the US Treasury, he is accused of stealing more than $128,000 from staff.
Among other purchases, Adeyemi used these stolen proceeds to buy additional postal service money orders worth more than $100,000.
The New York/New Jersey Electronic Crimes Task Force of the United States Secret Service began surveillance on Adeyemi after tracing suspicious Internet activity at his apartment.
A search of the apartment in April uncovered dozens of Bank of New York employees’ credit reports on his computer, along with many other documents containing personal identifying information of more than 150 staff.
The investigative team also found notebooks containing hundreds of names, social security numbers, account numbers, and other personal data, along with numerous credit cards in Bank of New York employees’ names in a storage locker Adeyemi rented.
In a 149-count indictment, Adeyemi was charged with grand larceny, identity theft, money laundering, scheme to defraud, computer tampering and unlawful possession of personal identification information.
Among the charities Adeyemi is said to have stolen from are Goodwill Industries, Iris Ministries, the Kalgidhar Trust, the Sudanese American Community Development Organisation, Ravi Zacharias International Ministries, the American Community School at Beirut, the Jacksonville Humane Society, American Friends of Birdlife International, the International Association of Women Judges, the Space Generation Advisory Council and the American Association for Clinical Chemistry.
Kevin Heine, a spokesman for Bank of New York Mellon, said in a statement, “We strongly support the investigation and actions taken by the district attorney’s office, and are fully cooperating.”
culled from: Nigerian Compass
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