Guilty plea from one man identity theft operation that netted $770,000

DOJ says Brooklyn, NY Internet fraudster to be sentenced in October

The US Department of Justice said a man who rang up 4,400 fraudulent charges totaling $770,674 from 2,341 stolen credit pleaded guilty today in the District Court in Alexandria, Va.

According to the DOJ, Jonathan Oliveras, 26, pleaded guilty to a two-count criminal information charging him with wire fraud and aggravated identity theft.   Oliveras admitted to managing a scheme to purchase stolen credit card account information through the Internet from individuals believed to be in Russia.  

More news: 20 of the weirdest, wackiest and stupidest sci/tech stories of 2011 (so far!) 

Oliveras also admitted to distributing the purchased information to individuals in the New York, New Jersey and Washington, D.C., metropolitan areas so that it could be used to make fraudulent purchases, the DOJ stated.

Oliveras also possessed 409 gift, debit or credit cards used as part of the scheme, which had a total stored value of $42,688.

Oliveras is scheduled to be sentenced Oct. 28,  where he faces a maximum penalty of 20 years in prison and a fine of $1,541,349 on the wire fraud charge, and two years in prison and a $250,000 fine on the identity theft charge.

Follow Michael Cooney on Twitter: nwwlayer8  

Layer 8 Extra

Check out these other hot stories:

NASA taps 7 commercial space companies for suborbital flights

NASA: What does it take to be an X-Class solar flare?

DARPA set to blast Falcon Mach 20 test flight

DARPA expands insider threat research

NASA Mars rover will roll into its ultimate crater destination this week

Top 8 ways feds (and corporate users) can take advantage of green IT

NASA's Juno spacecraft blasts off to investigate Jupiter

NASA satellite may have found water on Mars

Geomagnetic storm predicted for Earth in next 12 hours

Strip club owner undressed for software-based tax scam

20 of the weirdest, wackiest and stupidest sci/tech stories of 2011 (so far!)

DARPA software to spin "dumb" photos or video into intelligence gold

US wants to build cybersecurity protection plan for cars

Join the Network World communities on Facebook and LinkedIn to comment on topics that are top of mind.
Related:

Copyright © 2011 IDG Communications, Inc.