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Stolen loan data found in police evidence room

MINNEAPOLIS (AP) -- State and local investigators say the personal information of about 3 million borrowers stolen last month from a Minneapolis company that guarantees federal student loans was recovered shortly after the theft and was only recently discovered in a police evidence room.

The personal data contained on CDs and floppy discs was in two safes stolen from Educational Credit Management Corp. during the weekend of March 20-21.

Minnesota Financial Crimes Task Force investigators said Friday the safes were recovered by Minneapolis police March 22 and have been in the evidence room since then. The Minnesota Department of Public Safety says it wasn't until recently that the evidence was examined and connected with the ECMC theft in Oakdale. Authorities say the data doesn't appear to be compromised.

State investigators say they've identified one suspect in the theft, who's in custody on an unrelated matter.