Credit card fraudster gets 10 years

Powered by SC Magazine
 

Fraudster stole $32 million from 675,000 cards.

A Georgia man has been sentenced to 10 years in prison after authorities found him in possession of more than 675,000 stolen credit card numbers that he used to conduct fraudulent transactions totaling more than $32 million.

Rogelio Hackett Jr., 25, was sentenced Friday by US District Judge Anthony Trenga. In addition to his decade-long prison term, Hackett was ordered to pay a $90,000 fine.

He pleaded guilty in April to one count each of access device fraud and aggravated identity theft after authorities executed a search warrant at his home and discovered the card numbers on his computers and storage devices.

“Hackett was in the business of hacking for profit and committed identity theft on a massive scale,” US Attorney Neil MacBride said in a statement. “He was a full-time identity thief who expanded his business worldwide, affecting hundreds of thousands of people, banks and merchants.”

In a court filing, Hackett admitted that he had been trafficking stolen credit card information since at least 2002. He obtained the data by hacking into networks belonging to businesses and downloading it from databases, or by purchasing it on “carding forums,” where hackers buy and sell stolen credit card and other personal information.

He further admitted to selling the stolen data, manufacturing and selling counterfeit plastic cards, and using the information to purchase gift cards and other merchandise. The stolen card numbers in Hackett's possession were used in tens of thousands of fraudulent transactions.

Prosecutors said they hoped the sentence would serve as a deterrent for others who consider committing identity theft.

This article originally appeared at scmagazineus.com

Copyright © SC Magazine, US edition


Tags
 
 
 
Top Stories
Meet FABACUS, Westpac's first computer
GE225 operators celebrate gold anniversary.
 
NSW Govt gets ready to throw out the floppy disks
[Opinion] Dominic Perrottet says its time for government to catch up.
 
iiNet facing new copyright battle with Hollywood
Fighting to protect customer details.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
In which area is your IT shop hiring the most staff?




   |   View results
IT security and risk
  26%
 
Sourcing and strategy
  12%
 
IT infrastructure (servers, storage, networking)
  21%
 
End user computing (desktops, mobiles, apps)
  15%
 
Software development
  26%
TOTAL VOTES: 339

Vote
Would your InfoSec team be prepared to share threat data with the Australian Government?

   |   View results
Yes
  58%
 
No
  42%
TOTAL VOTES: 143

Vote