A former IT analyst at the Federal Reserve Bank of New York and his brother have been arrested for allegedly using employees' personal information to obtain bank loans.

According to a news report, Curtis Wiltshire used his position as an IT staffer to pull personal data, such as photographs and Social Security numbers, from others inside the company.

In February, a bank investigator found two 2006 student loan applications totaling $73,000 in the names of other people on a thumb drive attached to Wiltshire's computer. Wiltshire's brother, Kenneth, also is accused of using fake identities in an attempt to obtain a loan for a boat.

According to the report, a postal inspector investigating loans obtained with fake documents found a mailbox in New Jersey that was opened with a phony driver's license bearing the picture of an FRB-NY employee. The mailbox was allegedly being used by Kenneth Wiltshire to receive documents for a boat loan in someone else's name, according to the news report.

Curtis Wiltshire is charged with bank fraud, fraud in connection with identification documents, and aggravated identity theft. He could get more than 30 years in jail. Kenneth Wiltshire, charged with mail fraud and aggravated identity theft, faces a maximum sentence of 22 years.

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