Sunday, May 15, 2005

They're working hard to keep this one quiet

Creditoris Squaliformes Majoris Bank of America and Wachovia are doing their best to keep this one out from under the major news media radar, but as of last week, a few news outlets decided to live with the possibility of reduced advertising revenue and ran with the story. Along with some smaller institutions PMC Financial Services and Commerce Bank) they are worried this one might expose the shady relationships that leak confidential information about people if the right palms are crossed.

Turns out, for the last several years, a skip-tracer/detective in New Jersey has been using his contacts at the above-mentioned Squaliformes banks to get information for his collection-company and law firm clients. Well, to use modern reactionary slang, DUH!?!?

One banking-publication columnist expressed shock and dismay. Puhleeeze. Spare me the surprise act.

The perpetrator, who lives in Hackensack, New Jersey, is one Orazio Lembo Jr., a thirty-five year old scammer who made millions from his clients and paid about $10 for each of the bank records he got from less than ten employees at the banks - and we're not talking low-level tellers; the perps are management employees. Obviously, for him to make that much money, the law firms and collections companies paid Lembo a lot more than that to get information they knew they couldn't acquire legally.

Even an employee at the New Jersey Department of Labor got caught up in the net.

B of A had a spokesperson claiming that only about 75 persons were "affected" and had been notified.

Bovine Scatology. That's the only ones they know about or are willing to admit to. This thing has been going on for four years which means they haven't got a clue as to how many people were "affected." Somewhere out there on dozens, maybe hundreds of shady, underhanded, low-life data miners' computers are these records and variants of them.

Information about everyone doing business with Creditoris Squaliformes is bought and sold, almost instantly. More than one time. It is re-sold over and over again on the ever-growing gray and black market for such things.

The Creditoris Squaliformes industry would have everyone believe these kinds of situations are rare. But they know they aren't. For every Lembo who gets caught, there are dozens like him and hundreds of less-detectable, lower-grade schemers with their insider contacts. And they share with others like themselves to exchange valuable information about people.

The Squaliformes will dance to the tune of their PR firms and carefully avoid taking responsibility for these leaks, knowing full well there isn't a damn thing they can do about a determined snoop with a bankroll from collections companies and their law firms.

Life on the other side of the Pecos is interesting for folks. Over here we'd just hang Lembo and the slimeball lawyers and collectors, toss the bank employees in prison for 30 years, their bosses in for 10 and get on with life - in private.

The Honorable Judge Roy Bean.

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