He conspired with several others to file 526 fraudulent returns claiming over $5 million in refunds. The personal identifying information (PII) used in the returns was stolen by an employee of a financial institution.
"[He} obtained the personal identifying information from a relative who had stolen the data from a financial institution where she worked." - DataBreaches.netIt seems the identity thefts were discovered by the IRS, not the financial institution holding the PII. Organizations seeking to proactively detect identity theft before third parties do can utilize low-cost on-demand SaaS analytics services.
Learn how to proactively detect identity theft and unauthorized breaches of data privacy, even by authorized users - with no hardware and no on-site software.Sources:
(a) FL: Identity Thief Sentenced To More Than Ten Years In Federal Prison - www.DataBreach.net, 01/30/2015