Blog | G5 Cyber Security

Card Fraud Scheme Netted $23 Million

A Florida man has pleaded guilty for his role in a credit card fraud scheme that involved 114,000 credit card accounts. Miguel Gonzalez of Miami was charged with one count of conspiracy to commit wire fraud. The charge carries a maximum penalty of 30 years in prison and a $1 million fine. Gonzalez allegedly used the illegal proceeds to purchase multiple homes, expensive jewelry and a speedboat. Analysts say pinpointing the sources of the compromised payment cards could be difficult, since the cards were purchased via an underground card forum.”]

Source: https://www.cuinfosecurity.com/card-fraud-scheme-netted-23-million-a-7177

Exit mobile version