Prison for ex-banker who used data to steal from customers

Posted: Updated:

NEW YORK (AP) - A former New York City banker who hawked elderly customers' personal identifying information in a scheme to raid their accounts has been sentenced to four years in federal prison.

A judge on Friday has also ordered Peter Persaud to fork over $17,500 in proceeds from his crimes. Prosecutors say the 28-year-old should pay $12,000 in restitution to ex-employer J.P. Morgan Chase.

Persaud pleaded guilty to aggravated identity theft in March 2017. His bail was revoked in May 2016 and he was locked up over flight-risk concerns.

Prosecutors say Persaud stole customer information and sold it or used it himself from 2011 to 2015, when he was caught trying to sell information on an $180,000 account to an undercover officer.

All of his victims were at least 60 years old. Two were over 80.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."