Former banker sentenced to four years in prison for stealing data of customers

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 yesterday 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 His bail was revoked in May 2016 and he was locked up over flight-risk concerns.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 a $180,000 account to an undercover officer.

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

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)