Jonathan Oliveras of Brooklyn, N.Y., recently pleaded guilty to one count of wire fraud and one count of aggravated identity theft in relation to a credit card fraud operation.
"According to the indictment, Oliveras purchased so-called credit card dumps (the contents of the magnetic strips) from Russian hackers and wrote the data to blank cards using specialized equipment," writes Softpedia's Lucian Constantin. "Stolen information corresponding to 2,341 credit cards was found in his possession at the time of his arrest. The cards had registered 4,400 fraudulent charges totaling $770,674."
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