The Federal Bureau of Investigation said it arrested two men Friday accused in a scam to steal and sell private information from as many as 2 million customers of Countrywide Home Loans.

Rene L. Rebollo Jr., 36, is a former employee of Countrywide Home Loan and was arrested Friday morning at his home in Pasadena.

The second man charged is 25-year-old Wahid Siddiqi of Thousand Oaks. Siddiqi was arrested Friday afternoon by FBI agents and Simi Valley police officers and charged with purchasing identification data.

Countrywide investigators are currently analyzing evidence to determine if any of their customers’ identities may have been compromised so that they can be formally notified and assisted in the immediate future.

According to a criminal complaint filed Thursday night, the FBI and internal investigators at Countrywide Financial discovered a security breach at the company and began a joint investigation.

The complaint alleges that Rebollo, who was employed as a senior financial analyst in Countrywide Home Loan's subprime mortgage division -- Full Spectrum Lending, had access to computer databases that contained sensitive information of Countrywide clients across the United States.

Countrywide terminated Rebollo's employment in July.

The complaint states that Rebollo was interviewed by FBI agents in July and acknowledged that he was responsible for giving out account information of Countrywide customers to third parties over the course of two years.

Rebollo told investigators he took information from Countrywide computers at work and saved reports to personal flash drives. After Rebollo saved the data, he left with the intent to sell the data, according to the complaint.

Rebollo opened a personal bank account so he could deposit and hold the proceeds of his sales, the complaint said, and Rebollo estimated that he made between $50,000 and $70,000 selling the data.

Siddiqi was recorded by a confidential witness working for the FBI while he placed an order for personal profiles at a negotiated price, the complaint said. Siddiqi then met the witness and delivered the data in exchange for cash, the FBI reported.

Copies of the disk have been given to Countrywide investigators for verification of authenticity.

Rebollo is charged with exceeding authorized access to the computer of a financial institution, a charge that carries a maximum of 5 years in federal prison. Rebollo was scheduled to make his initial court appearance Friday afternoon in Los Angeles.

Siddiqi is charged with fraud and related activity in connection with access devices, a crime that carries a maximum penalty of 15 years in prison. Siddiqi is expected to make his initial court appearance on Monday.

Countrywide was acquired last month by Bank of America Corp.