Man Accused of Hacking Into Bank Account, Stealing $300,000
29.8.18 securityweek Hacking

HARTFORD, Conn. (AP) — Police have arrested a Connecticut man they allege hacked into someone's retirement account and stole more than $300,000.

Hartford police say 36-year-old Kwadjo Osei-Wusu, of Manchester, was arrested Friday and charged with money laundering, larceny and conspiracy to commit identity theft.

Police say the FBI began investigating fraudulent activity on the Wells Fargo account in March.

Authorities say the account was compromised in 2014, and more than $300,000 was stolen and then deposited in several fraudulent bank accounts.

The stolen funds were then withdrawn as cashier checks, cashed and turned over to Osei-Wusu.

Police say the scheme involved "sophisticated levels of cyber hacking."

Osei-Wusu was held on $450,000 bond pending a Tuesday court appearance and could not be reached. No attorney was listed for him in online judicial records.