ATLANTA, May 25, 2010 (GLOBE NEWSWIRE) -- LIGATT Security International (Pink Sheets:LGTT) today announced that a 5-count indictment has been filed in the City of Carson and Washington D.C. against Jennifer Ann Woodard, Deago Larase Smith, Lance Corbett Holt, John L. Quinn II and Anthony Leonard Bobbitt. This act of fraud took place on or about May 23-25, 2007 amounting to over $450,000.
The five criminals installed spyware on the City Treasurer's laptop and were able to retrieve username, passwords, account numbers and were able to transfer approximately $450,000 from one of the city's bank account. It was not until the persistent City Treasurer, Karen Avilla, who was working from home checking all the city's accounts, when she noticed that one of the accounts was short $450,000.
Once noticing this fraudulent activity, Ms. Avilla and the City Manager contacted Mr. Gregory Evans, CEO of LIGATT Security, who just landed a contract with the city. Mr. Evans was original brought in to head up the investigation between the bank's computer security team, Los Angeles Sheriff's Department and the Security Service.
This case was a major story and was covered by major media including television news as well as major newspapers. "I am very happy that these cyber criminals were brought to justice," says Evans. "I tip my hat to Ms. Avilla and our Federal Law Enforcement Officers who did not let this become a cold case. So many times cyber criminals commit these crimes and they do not have enough law enforcement agents trained to investigate crimes like these," says Evans.
According to the indictment, it was an object of the conspiracy that the defendants would provide the user name and other login information and passwords for their personal online bank accounts to co-conspirators, both known and unknown to the Grand Jury, for the purpose of using their online bank accounts to receive and distribute unauthorized electronic transfers of funds from victim bank accounts.
In addition, after the successful unauthorized electronic transfer of funds from accounts at the victim banks to defendant-controlled accounts at receiving banks, the defendants would withdraw and attempt to withdraw cash, purchase cashier's checks and further transfer and attempt to transfer funds to co-conspirators, known and unknown to the Grand Jury.
To watch the original interview on NBC News in Los Angeles with Mr. Evans visit http://www.youtube.com/watch?v=iBfoXzLR76s. For additional information about LIGATT Security International visit www.ligattsecurity.com.
About LIGATT Security International
LSI is the nation's premier hi-tech security company and is recognized as a leader in computer security and cyber-crime investigation. It is a publicly traded company whose mission is to be the nation's leading provider of hi-tech crime investigations by protecting their clients against Black Hat Hacking one CPU at a time.
***This press release was done in-house by a LIGATT Security International staff member. LIGATT Security International never has and never will use stock promoters, or outside Investor Relations firms.***
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