Federal authorities in New Jersey have charged four men with using identity theft to steal at least $2.5 million from home equity lines of credit.
Four men have been charged for their involvement in an international scheme in which they stole millions of dollars from home equity credit lines.
The men -- Derrick Polk, 45, of Los Angeles; Oludola Akinmola, 37 and Oladeji Craig, 39, both of Brooklyn, N.Y.; and Oluwajide Ogunbiyi, 32, of Springfield, Ill. -- siphoned an estimated $2.5 million through unauthorized wire transfers or by illegally accessing victims' accounts, according to the U.S. Attorney General's Office in New Jersey.
Federal authorities said the defendants and their co-conspirators hijacked home equity accounts by using personal information -- including names, addresses, birth dates, Social Security numbers and mothers' maiden names, some of which they discovered in publicly available online databases.
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