WORKPLACE IDENTITY THEFT – CHIEF EXECUTIVE OFFICER STEALS EMPLOYEE IDENTITIES TO COMMIT FRAUD

Terrence Chalk, CEO of the respected service provider Compulinx was arrested this week on charges of stealing the identities of his employees in order to secure credit cards and fraudulent loans.

Chalk is charged with submitting some $1 million worth of credit applications using the names and personal information -- names, addresses and social security numbers -- of some of Compulinx's 50 employees.

Workplace identity theft is the most common form of identity theft. Data stolen from the workplace, wallets and purses stolen in the work place, employee data theft, poor data protection and privacy protection, all contribute to work place data theft and identity theft.

This twist, the CEO as the culprit, is unusual.