Access member only content, take part in discussions with comments on blogs, news and reviews and receive all the latest security industry news directly to your inbox. Join now for free.
Processing registration... Please wait.
This process can take up to a minute to complete.
A confirmation email has been sent to your email address - SUPPLIED EMAIL HERE. Please click on the link in the email to verify your email address. You need to verify your email before you can start posting.
If you do not receive your confirmation email within the next few minutes, it may be because the email has been captured by a junk mail filter. Please ensure you add the domain @scmagazine.com.au to your white-listed senders.
A man who pleaded guilty on 4 April to one count of wire fraud and one count of aggravated identity theft was sentenced in a US District Court to 14 years in prison.
Tony Perez III, 21, stood accused of running a business online that sold counterfeit credit cards embedded with account information purloined from various sources.
The sentencing announcement was made on Friday.
Perez used a number of online identities in underground discussion groups which facilitated a market for stolen financial account information, according to court documents.
US Secret Service special agents discovered machinery capable of making counterfeit credit cards and 21,000 stolen credit card numbers and other ancillary data stashed in his computers and email accounts, when they served a search warrant and raided Perez's apartment in June last year.
In addition, credit card companies have tracked more than US$3 million in fraudulent transactions using card numbers found in Perez's possession, court documents said.
The case was investigated by the US Secret Service and was prosecuted by the Computer Crime and Intellectual Property Section of the Justice Department's Criminal Division and a Special Assistant US Attorney for the Eastern District of Virginia.
This article originally appeared at scmagazineus.com
To begin commenting right away, you can log in below or register an account if you don't yet have one. Please read our guidelines on commenting. Offending posts will be removed and your access may be suspended. Abusive or obscene language will not be tolerated. The comments below do not necessarily reflect the views or opinions of SC Magazine, Haymarket Media or its employees.