New York Paralegal Blog

Lin Mun Poo, a resident and citizen of Malaysia, pleaded guilty to possessing stolen credit and debit card numbers. The plea was taken this morning before United States District Judge Dora L. Irizarry at the U.S. Courthouse, 225 Cadman Plaza East, Brooklyn, New York. Based on his plea, the defendant faces a maximum sentence of 10 years’ imprisonment. The guilty plea was announced by Loretta E. Lynch, United States Attorney for the Eastern District of New York and Brian G. Parr, Special Agent-in-Charge, United States Secret Service, New York Field Office. In today’s proceedings, the defendant admitted that he possessed credit and debit card information belonging to others. The defendant also admitted that he compromised a computer server belonging to the Federal Reserve Bank, and that he installed a malicious code onto that server. According to the government’s filings in this case, the defendant made a career of compromising computer servers belonging to financial institutions, d...

(FDIC) The Federal Deposit Insurance Corporation (FDIC) announced today a settlement with CompuCredit Corporation, Atlanta, Georgia (CompuCredit), a company charged with deceptive marketing of subprime credit cards with three FDIC-supervised banks in violation of the Federal Trade Commission Act (FTC Act). Two of the banks previously settled with the FDIC. The settlement will result in an order that will correct the FTC Act violations, and provide restitution of approximately $114 million to consumers in the form of credits for certain fees arising from the deceptive marketing practices. Eligible consumers whose current balances are less than the amount of credits to be applied will receive cash refunds, the aggregate amount of which is estimated to be approximately $3.7 million. All other eligible consumers will receive credits only. No action by consumers is required; eligible consumers will be contacted directly by CompuCredit. The credits and cash refunds will be verified by an in...