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Elmhurst man pleads guilty to stealing confidential files from Federal Reserve

Published: Friday, July 19, 2013 1:17 p.m. CDT

ELMHURST – An Elmhurst man faces up to one year in prison and a $100,000 fine after he pleaded guilty Wednesday to a a federal misdemeanor.

According to a U.S. Attorney's Office press release, Brian McCarthy, 31, admitted to successfully stealing 71 files and attempting to steal approximately 300 files from the Chicago Federal Reserve Bank where he used to work.

From 2009 to 2010, McCarthy worked as a senior credit analyst in the bank's Statistical and Financial Reporting Department. In 2011 he became a supervisor of seven employees in the Statistical Support Group. During his employment, McCarthy had access to sensitive information, and he signed a code of conduct agreement requiring him to leave behind all bank computer files when his employment ended.

McCarthy admitted that on his last day of work, October 5, 2011, he tried to avoid detection and circumvent the bank's information security systems to steal computer files containing information about the bank's responsibility to assess and monitor credit risk exposure. When the systems correctly detected confidential information had been accessed the bank contacted the FBI.

McCarthy agreed to pay $26,400 in restitution to the bank to compensate for employee time spent investigating what information he had stolen.

The plea agreement also bars McCarthy from directly or indirectly working with any financial institution insured by the National Credit Union Share Insurance Fund or the Federal Deposit Insurance Corp. without written consent.

McCarthy's sentencing is set for October 10.

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