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Cyber Security

14 Years in Jail for mass credit card theft

Tony Perez III, of Hammond, Indiana, pleaded guilty to the charges on April 4. Perez found customers through criminal “carding forums,” Internet discussion groups. US Secret Service raided his apartment in June 2010, they found data for 21,000 stolen credit cards and equipment needed to encode them onto blank cards. Credit card companies said losses from the card numbers in Perez’s possession topped more than $3 million. Judge Liam O’Grady ordered Perez to pay $2.8 million in restitution and a $250,000 fine.

Source: https://thehackernews.com/2011/09/14-years-in-jail-for-mass-credit-card.html

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