WirecompaniesDextape brief
Texas Resident Charged in $373,00,000 Bank Account Takeover Conspiracy
Federal prosecutors have charged 14 people with carrying out a coordinated scheme to seize control of bank accounts belonging to thousands of victims across the country. Muhamed Dieye, 35, of Dallas, allegedly orchestrated the operation using multiple aliases, says the U.
Dextape brief
Prosecutors have charged 14 people in a coordinated plan to take over bank accounts held by thousands of victims, according to the U.S. Attorney's Office for the Northern District of Texas. Muhamed Dieye, 35, of Dallas, is accused of orchestrating the operation under several aliases, and a spreadsheet tied to him reportedly listed nearly 3,000 victims holding over $373 million. Thirteen others face related charges on counts including wire fraud and aggravated identity theft. Authorities say the group, from July 2023 through November 2024, obtained personal data, made fake IDs, executed SIM swaps and used corrupt insiders at banks and phone companies. Institutions that may have been targeted include Truist, Bank of America and JPMorgan Chase. Dieye was arrested at JFK Airport while attempting to fly one way to Malaysia.
Why it matters: The case highlights how SIM swaps and insider help can be used to get past bank security, a method relevant to crypto readers who rely on phone-based account access.
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