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.  

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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  

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