Have you had a Countrywide Loan, anytime before July1, 2008; if so You May Be Covered for up to $50k for Identity Theft. Yes, that is true. Check out the article below or go to the link and read it there. It looks like this judge is sending a message to companies out there regarding how they handle our personal financial information.
Amazingly, a countrywide worker downloaded over 20,000 people’s information a week for over 2 years. Then sold that information to thieves making over $50,000.
Have you ever had a Countrywide Loan? And have you been the victim of identity theft? You may be able to collect up to $50,000. Check it out today!
LOUISVILLE, Ky., Aug. 23, 2010
Judge Approves Countrywide ID Theft Settlement
Countrywide Will Provide Free Credit Monitoring for up to 17 Million People Whose Financial Information Was Exposed
A federal judge on Monday granted final approval to a settlement between Countrywide Financial Corp. and millions of customers left at high risk for identity theft because of a security breach.
Countrywide, now owned by Bank of America, will provide free credit monitoring for up to 17 million people whose financial information was exposed, according to the settlement. That group includes anyone who obtained a mortgage and anyone who used Countrywide to service a mortgage before July 1, 2008.
People could be reimbursed up to $50,000 for each time their identity was stolen. They would have to prove they lost something of value, weren’t already reimbursed and that the theft stemmed from the Countrywide breach.
U.S. District Judge Thomas B. Russell of Paducah, who oversaw more than three-dozen lawsuits related to the security breach, granted class-action status to the lawsuit and gave final approval of the settlement Monday.
Russell wrote in his 21-page ruling that the settlement provides immediate relief for possible identity theft victims – relief that would likely have been delayed as appeals wound through the courts.
“This settlement provides safeguards that would not otherwise be available to millions of people, at a time when such measures are needed most,” Russell wrote.
Shirley Norton, a spokeswoman for Bank of America, said the company denies all allegations of wrongdoing or liability in the case.
“We settled because we believe it is in the bank’s best interest to settle the suit and avoid the additional expense and uncertainty of further litigation,” Norton said.
Plaintiffs’ attorneys Ben Barnow and Daniel Haviland did not immediately return messages seeking comment.
A group of about 3,000 people affected by the identity theft objected to or opted out of the settlement, saying two years of credit monitoring isn’t enough or that the settlement didn’t do enough to make amends.
Russell noted that about 630,000 people visited the settlement web page, 500,000 called the toll-free number for information about the settlement and 500,000 requested detailed notice of the settlement.
Plaintiffs attorneys will receive $3.5 million in fees for their work.
Attorneys for the plaintiffs say Countrywide Financial had all their clients’ financial information including mortgage information, credit card, and Social Security numbers and birth dates.
The lawsuits stem from the arrest of Rene Rebollo Jr., of Pasadena, Calif., a former senior analyst for Countrywide, and Wahid Siddiqi, of Thousand Oaks, Calif. Federal investigators said Rebollo used a flash drive to download data from about 20,000 customers a week for two years from 2006 through August 2008.
Rebollo then sold the information to Siddiqi for $500 and earned a combined $50,000, federal investigators said. Siddiqi pleaded guilty in 2009 to 10 counts of fraud and admitted to selling the information to third parties, including an undercover FBI agent.
Rebollo has pleaded not guilty to a new indictment handed up in May and is awaiting trial.
Countrywide has said that it worked closely with the FBI and federal investigators and that the security breach does not appear to have resulted in anyone’s identities being stolen.
{ 21 comments… read them below or add one }
Is it true that only cash buyers of countryw
ide property can benefit in today’s economy? Well, as the investor, you have to research on that to make an informed decision.
During the recession, the countrywide property became less attractive. With the improved economy, things are looking better.
found your site on del.icio.us today and really liked it.. i bookmarked it and will be back to check it out some more later
I wrote a paper on this in College, had i had your ability to articulate my thoughts and research, I may perhaps have received a much better grade. Great Job!
[url=http://www.facebook.com/pages/Instantempo-bhsfpl/161340250553066]Instantempo[/url]
This is a superb piece, I found your weblog browsing google for a related theme and came to this. I couldnt come across to much additional information on this piece, so it was pleasant to locate this one. I will certainly end up being back again to check out some other posts that you have another time.
My cousin recommended this blog and she was totally right keep up the fantastic work!
Thanks for sharing the insightful analysis. Great stuff man.
I stumbled across your site, and think it’s fantastic, keep us posting
Good work, keep us posting, you are very good writer.
This is very fine web site, thank you and look at that [url=http;//ciufcia.pl]gry dla dzieci[/url]
This is laid out really well and you are able to see from the top quality, that it has been researched and thought out really quite. I’ve bookmarked it and am going to forward it to others that i know will be really interested within the information. My father is in this business, he’ll love the way you laid out the details, I’ve sent him your link. I have alos posted a permanent link on my internet site for other to come across this. It’s tough for anybody to disagree with this, the information is fantastically put together.
Hey really nice website, I noticed your website when doing study on some methods to develop my web log. I was simply inquiring which spam software system you use for comments as I get tons on my site.
Is this a premium wp theme? [url=http://aries2008.com]1031 real estate exchange[/url]
My dad has been writing a book precisely on point with this blog, I have emailed him the web address so perhaps he could pick up a couple pointers. Fantastic Job.
My bf and I were sent here simply because this particular article was tweeted by a girl I had been following and feel very I made it here. scholarships
Good post, adding it to my blog now, thanks. >
Seeing that i have been scouting around for some time for any great content articles on the subject of the following theme . Browsing in Bing I ultimately revealed this url. After reading this info I’m just delighted to mention that I have a good impression I discovered just what I needed. For certain i will make certain to don’t forget this blog and visit on a constant basis.
Generally I do not post on blogs, but I would like to say that this post really forced me to do so! really nice post. financial help
Thanxx
I’m having a small issue I can’t get my reader to pickup your rss feed, I’m using google reader by the way.
financial help
Hi! Fascinating content! I’m a usual website visitor (more like addict
) on your website but yet I had a issue. I’m just certainly not absoluetly certain if it is the right web site to question, but you’ve got no spam comments. I get comments such as bkzayfwatch movies onlineutgYtjx all the time. Could you assist me? With thanks.
You must log in to post a comment.
{ 3 trackbacks }