Mortgage Broker Steals Identities

Nick Fishman

Check out this story I recently found in the New York Times: Mortgage Office Manager Charged With Identity Theft and Grand Larceny.

Since these people owned the mortgage company, having them conduct background checks on themselves really wouldn’t have helped, but it is demonstrative to employers of what an employee could do with sensitive data.

Nick Fishman
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Nick Fishman

Nick Fishman is the co-founder of EmployeeScreenIQ, a leading, global employment background screening provider, and serves as the company’s executive vice president and chief marketing officer. He pioneered the creation of EmployeeScreen University, the #1 educational resource on employment background checks for human resources, security and risk management professionals. A recognized industry expert, Nick is a frequent author, presenter and contributor to the news media. Nick is also a licensed private investigator in the states of Ohio and Texas.
Nick Fishman
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  • gandalf43

    Nick-
    Since there is no allegation that Mr. Milton had a criminal record at the time that he was hired and/or at any time subsequent up until his recent arrest, how would a background check have helped?

    –Gollum

  • Nick Fishman

    Good question. You don’t know if it would have helped or not. But that wasn’t the point of my post. The point was that if you employ people with access to sensitive data, look what can happen. In this case, the offenders were the owners of the company. Now, one could make the argument that the state should mandate a background check to allow them to qualify as a mortgage broker. However, as you said, if they were never convicted of a crime before this time, it wouldn’t have helped.

  • gandalf43

    Nick Fishman-
    1) The article does not say that he is an owner of the company.

    2) If he is an owner of the company, I am not aware that you have any evidence that the State does not mandate background checks.

  • Nick Fishman

    The point of the post was that you just don’t know unless you conduct a background check. If there is no record that doesn’t mean that this cannot happen. It does suggest that you performed proper due diligence to mitigate the risk of such an event occuring. If you did notice something on a background check that would suggest past aberrant behavior than at least you have all the information before making a hiring decision.