Former Countrywide Analyst Sentenced To Prison For Selling Data Of 2.5 million Customers

Washington Post, September 29, 2011

A former senior analyst for Countrywide Home Loans was sentenced Wednesday to eight months behind bars for downloading and selling the personal information of some 2.5 million customers in a scam that cost the mortgage lender some $30 million. U.S. District Judge Christina A. Snyder also ordered Rene Rebollo, 39, of Pasadena, Calif., to serve another 10 months in a community correctional facility and to pay $1.2 million in restitution to Countrywide, which is now owned by Bank of America. Rebollo was arrested in 2008 after FBI investigators found that he was using a flash drive to download data from about 20,000 customers a week for two years. The FBI says the data breach cost Countrywide considerable expenses, including $1.2 million to notify customers whose information was disclosed, $15.75 to provide free credit monitoring to those people and $13.4 million in lawsuit settlements.

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