B&F; Finance of McAllen, Texas decided to save some money on shredding and just dump their client files in the dumpster. The files were discovered by the Attorney Generals office and the result was a fine of $20,000. In tough economic times it doesn’t make sense to save a couple of hundred on shredding only to pay a huge fine.
Juan Nino, a tax preparer in Brownsville, and Victory Management Services of Dallas Lake were also caught with personal information in their dumpster. They were expected to announce fines soon.
Businesses need to be aware that not only do they need to take care of their clients information but AGs around the country see this as a great source of revenue for their offices. This means that dumpster diving is only going to grow.