Sign in with
Sign up | Sign in

Microsoft Co-founder Paul Allen Falls Victim to Identity Theft

By - Source: BusinessWeek | B 14 comments

Microsoft co-founder targeted by identity thief who stole money from his bank account.

The internet is a dangerous place and with sharing sites like Facebook, Twitter, Tumblr becoming more popular by the day, more people are finding themselves the victim of identity theft. However, it's not just those who share every aspect of their lives online that are targeted by these cyber criminals. In fact, even the uber tech savvy aren't safe. Case in point: Microsoft co-founder Paul Allen recently had his identity stolen by an AWOL soldier.

BusinessWeek reports that 28-year-old Brandon Lee Price called Citibank pretending to be Allen and asked for the address on his account to be switched from Allen's home address to Price's address in Pittsburgh. Just three days later, he called again, explained he had lost his debit card, and requested a new one be sent to his house. BusinessWeek reports that Price used the card to make payments on a delinquent Armed Forces Bank account as well as for personal expenses.

Luckily for the Microsoft co-founder, attempts to make a $15,000 Western Union transaction, as well as several other payments, threw up red flags and Citibank notified law enforcement of the fraud. Only one charge, a $658.81 payment on an Armed Forces loan, went through. Price was arrested last week and has been sent back to Fort Polk in Louisiana. Citibank has not explained how Price was able to get the address changed over the phone, but said it is working with investigators on the case.

Follow @JaneMcEntegart on Twitter.                            

Discuss
Ask a Category Expert

Create a new thread in the News comments forum about this subject

Example: Notebook, Android, SSD hard drive

This thread is closed for comments
Top Comments
  • 13 Hide
    Darkerson , March 29, 2012 12:30 AM
    Pretty ballsy, considering who he was trying to impersonate. Glad they caught the little bastard.
  • 11 Hide
    freggo , March 29, 2012 12:35 AM
    "make payments on a delinquent Armed Forces Bank account"

    Seriously ?
    Exactly how dumb is this guy ?
Other Comments
  • 9 Hide
    dogman_1234 , March 28, 2012 11:19 PM
    Ouch! Terrible news. This could be any one of us as well.
  • Display all 14 comments.
  • 6 Hide
    Anonymous , March 28, 2012 11:44 PM
    I guess that the persons who had the Microsoft co-founder identity got greedy that they could get away with $15 grand
  • 7 Hide
    Camikazi , March 29, 2012 12:22 AM
    *sigh* too greedy, you'd think they knew to keep the withdrawls small and do multiple ones over a spaced amount of time, never make big money drops unless the person has a history of the same behavior.
  • 8 Hide
    jivdis1x , March 29, 2012 12:24 AM
    kind of easy to trace?
  • 13 Hide
    Darkerson , March 29, 2012 12:30 AM
    Pretty ballsy, considering who he was trying to impersonate. Glad they caught the little bastard.
  • 3 Hide
    alidan , March 29, 2012 12:35 AM
    bunnywannyI guess that the persons who had the Microsoft co-founder identity got greedy that they could get away with $15 grand

    guy has billions. what, 17 billion something...

    yea, if i was the guy who stole it, i would have went and set up a charity, and had paul donate 25 million to it and funnel the money out through launders and probably came out with 10 million when all is said and done.

    but thats just what i would have done.
  • 11 Hide
    freggo , March 29, 2012 12:35 AM
    "make payments on a delinquent Armed Forces Bank account"

    Seriously ?
    Exactly how dumb is this guy ?
  • 7 Hide
    cumi2k4 , March 29, 2012 1:51 AM
    too bad he didn't spend it on apple or android products...that would be hilarious...
  • 2 Hide
    A Bad Day , March 29, 2012 3:24 AM
    "It only happens to them. Not us. If it hasn't happened yet, then it will never occur."

    -Mentality of many people, including my parents
  • -2 Hide
    f-14 , March 29, 2012 5:21 AM
    after how citibank has been screwing over american soldiers just like wallstreet banks have been screwing over home owners, i believe it was just a savy soldier striking back at being charged regular interest rates and violating the agreement banks have with active duty personal being put on active duty service member rates and citibank has been charging active soldiers the typical high rate for their credit cards and bank loans and using it to seize their homes when they can't afford to pay because they are fighting 2 wars instead of working their nice corporate desk job at 100k a year and are working for uncle sam for 12k-30k a year and being charged 12% and then 35% interest after their savings has been wiped out and they become delinquint.
    i've heard this from so many commanding CO's that it's ridiculous and makes up for about 25% of a CO's day filling out paper work to the banks and calling banks and higher ups in the command staff and even trying but rarely getting a congressman to talk to the banks.
    frankly it's become such a big sad story i half expect soldiers to start walking into banks and killing every one in them any day now.
  • 0 Hide
    dimar , March 29, 2012 5:22 AM
    The more I read or hear stories like this, the more it looks like a marketing ploy to create hype about particular people or companies.
  • 0 Hide
    jojesa , March 29, 2012 10:45 AM
    How was he able to get the change of address by Citibank?
    Last time I moved and needed a change of address, I was asked so many interrogative question by my bank that I thought I had done something illegal or committed a crime.
  • 2 Hide
    jabliese , March 29, 2012 1:47 PM
    freggo"make payments on a delinquent Armed Forces Bank account"Seriously ?Exactly how dumb is this guy ?


    Slightly smarter than whoever charged my credit card for their electric and water bills.
  • -1 Hide
    SteelCity1981 , March 29, 2012 3:38 PM
    Just another reason why i hate using banks.