ST. LOUIS (AP) — The Schnucks grocery store chain says it's found the source of a credit card fraud problem that has victimized dozens of people.
In a news release Saturday, Schnucks Markets Inc. announced that the computer forensic firm it hired discovered that a computer code was recording customers' credit and debit card numbers. The suburban St. Louis-based grocery says it's taken "comprehensive measures" designed to block further access.
CEO Scott Schnuck described what happened as a "cyberattack" and says the company is cooperating with authorities.
The chain learned March 15th that some customers had noticed unauthorized charges for credit cards they used at Schnucks. Shoppers were encouraged to pay with cash or checks until the fraud problem was resolved.
Authorities said many of the unauthorized charges were at out-of-state big box stores.
Tuesday, a federal jury convicted 71 year old Fred Robinson of all charges, including wire fraud and federal program theft.
Robinson's crimes were discovered during a federal investigation of former city treasurer Larry Williams' office. Williams hasn't been charged with any crimes.
Robinson will be sentenced in July.
His attorneys say he will appeal.
Gov. Pat Quinn's office said Monday that the state has agreed to settle the Securities and Exchange Commission case. Assistant budget director Abdon Pallasch (AB'-dun PAL-lish) says the state is promising better financial disclosures but admitted no wrongdoing.
The case revolved around more than $2 billion of municipal bonds sold from 2005 to early 2009 to pay state obligations to public-employee pension programs.
The SEC charged that the state did not adequately inform investors that a 50-year funding plan adopted in 1995 did not adequately cover pension liabilities.
The five pensions systems are now $97 billion in debt and a solution is lawmakers' top priority.
The St. Louis Post-Dispatch reports that the appraisal was released Tuesday.
The museum purchased the land from former Mayor Freeman Bosley Jr. in 2006, paying Bosley and a business partner $875,000. The appraisal determined the land's value at about $260,000 at the time, and about $215,000 now.
The land was also contaminated, requiring up to $300,000 for environmental cleanup.
Robert Archibald resigned as museum president in December, though both he and Bosley denied that personal or political connections played a role in the deal.