Monday, June 19, 2017

Pinoy gets five years for $9 million credit card fraud ring

A Filipino man received more than five years in prison for running a $9 million stolen credit and debit card fraud ring in New Jersey, NJ.com reported.
In a news release, the US Attorney's Office stated that Angelo Virtucio of Quezon City, Philippines was sentenced to 63 months in prison and two years of supervised release from the federal court of Newark.
Virtucio pleaded guilty to conspiracy to commit bank fraud in 2016, a year after his arrest in January 2015 in South Florida, a previous report on NJ.com said.
The Filipino purchased stolen debit and credit card numbers from computer hackers, encoded new cards with the stolen data, and made a series of unauthorized purchases and ATM withdrawals with his "global network of cashers."
According to the US Attorney's Office, the credit card numbers were primarily obtained through computer hacking while the debit card numbers were taken through ATM skimming operations.
Virtucio, 31, was also known by the nicknames ZaiR, ZaiRe, Omega, and Omega10.  Rie Takumi/RSJ, GMA News

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