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Photo via Shutterstock
Photo via Shutterstock

A former banker hailing from Ozone Park is headed for significant jail time after being sentenced for selling his clients’ account information.

Peter Persaud, 28, a former personal banker at JP Morgan Chase Bank, received his sentence on Aug. 10 in federal court and will serve four years in prison for aggravated identity theft in connection with access device fraud. Persaud previously pleaded guilty to these charges on March 7, 2017.

“Persaud abused his position by victimizing unsuspecting customers, and will now pay the penalty for his fraudulent conduct,” stated U.S. Attorney Richard P. Donoghue when he announced the sentence. “This office will continue to work closely with our law enforcement and industry partners to vigorously prosecute those who undermine the integrity of the financial system.”

According to court documents, Persaud sold the personal identifying information and account information of bank customers to others, or used it himself, to make unauthorized withdrawals from the accounts between 2011 and 2015.

Persaud was first exposed in 2014 when he sold account information to a confidential informant, and again in 2015 when he sold to an undercover law enforcement officer. Persaud reportedly told the officer that he had to “take it easy” because Chase might notice that he had accessed all the bank accounts that “got hit,” court records show.

The client’s bank account from which Persaud offered to sell the officer personal identifying information contained more than $180,000.


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