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Man Pleads Guilty To Bilking Bank Accounts

PRIVACY LAW—U.S.

April 28, 2011

A New York man pleaded guilty yesterday to stealing accountholder information from a New Jersey bank, The Wall Street Journal reports. In U.S. District Court in Newark, NJ, Viktor Kafalov admitted to collaborating with conspirators to install skimming devices on ATM machines and steal more than $278,000 from customers of Valley National Bank. Kafalov faces a 30-year prison sentence, according to the report. (Registration may be required to access this story.)
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