Complinet logo
Search
Contact us

Former Social Security official stole victim’s identity to liquidate his stocks and laundered proceeds, prosecutors say

Dec 03 2012 Brett Wolf, Compliance Complete

A former employee of the Social Security Administration in Rhode Island was indicted on Thursday for allegedly stealing the identity of another man in order to sell more than $160,000 worth of stock certificates belonging to the victim, federal prosecutors said Friday. Randolph Hurst, 49, of West Warwick, was charged with mail fraud, aggravated identity theft, transportation of stolen securities, money laundering, and tax offenses. In May 2010, Hurst, at the time an assistant district manager at the Social Security Administration, used the agency's computer systems to retrieve personal identifying information about another man, including his social security number and date of birth, the indictment states. Four months later, Hurst allegedly used the personal identifying information belonging to the victim to open a joint account at Summit Brokerage Services, which is based in Boca Raton, Florida. He reportedly provided a false address for the victim, listing a Coventry, Rhode Island

Already have an account?

Log in

Want to read this article?

Click here for a free 14 day trial