Former Countrywide Employee Jailed for Data Theft
A former employee of Countrywide Financial has been sentenced to eight months in prison and ordered to pay $1.2 million in restitution for stealing and selling customer's personal data.
"Rene Rebollo Jr. of Pasadena, Calif. was also sentenced by U.S. District Judge Christina Snyder in Los Angeles to serve an additional 10 months in a community jail," writes SC Magazine's Angela Moscaritolo.
"Another defendant, Wahid Siddiqi of Thousand Oaks, Calif. was previously sentenced to 36 months in prison for selling the information that Rebollo provided," Moscaritolo writes. "Authorities said the men downloaded the personal data of 20,000 customers once a week for two years, then sold the identity batches for $500 a piece."