Multiple accused brought directed verdict motions in a jury trial alleging fraud and conspiracy involving the takeover of ING Direct customer bank accounts using confidential customer information.
The court reviewed the legal requirements for conspiracy, emphasizing the need for proof of an agreement and a shared unlawful objective, which may be inferred from circumstantial evidence.
The court held that there was some evidence capable of supporting an inference of conspiratorial agreement for certain counts, including evidence that one accused obtained confidential banking information and that another used that information to access accounts and transfer funds.
The motions for directed verdicts were dismissed for several accused because the evidence could permit a properly instructed jury to infer participation in the conspiracy or fraud.
However, one accused obtained a directed verdict of acquittal on a specific fraud count due to insufficient evidence linking him to the fraudulent transfer of funds.