I have to hand it to this guy, I never thought to use my employees identities to secure business loans:
WHITE PLAINS, N.Y. (AP) — A prominent Westchester County businessman has admitted that he stole his employees’ identities to secure loans for his failing computer firm.
Terrence Chalk faces up to seven years in prison when he is sentenced on Dec. 2.
The chief executive officer of Compulinx Managed Services pleaded guilty Monday in White Plains, N.Y. to aggravated identity theft and conspiracy.
Federal prosecutors said that between 2001 and 2006, he used others’ names for $1 million in loans and credit card charges.
In his defense, he only used the money to pay off 5,000,000 seats of Kaseya that the sales rep assured him was right for his MSP business that managed less than a 100 desktops. 🙂 I’m kidding, I’m kidding.