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Houston banker admits to ID theft

06:08 PM CDT on Thursday, May 15, 2008

Associated Press

HOUSTON -- A Houston banker who sold personal account information as part of an identity theft ring must serve three years in federal prison.

Prosecutors on Thursday announced the sentencing of 34-year-old former Amegy Bank senior banker Lamont Wallace.

Wallace pleaded guilty to conspiracy to commit bank fraud and aggravated identity theft.

A judge in Houston sentenced a 34-year-old co-defendant, Ifeyhewen Badidi, to nearly five years in prison. The illegal immigrant from Liberia pleaded guilty to mail fraud and aggravated identity theft and is expected to be deported upon his release from prison.

Investigators froze $161,000 of unlawfully transferred funds before the money could be withdrawn.

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