18 May 2013

Hacker pleads guilty over $36m card fraud

26 April 2011  |  7396 views  |  0 anonymous figure in front of stock exchange

A US man has admitted trafficking hundreds of thousands of credit card numbers that resulted in the loss of more than $36 million.

In court filings, Rogelio Hackett says that since at least 2002 he has been hacking into business computer networks and downloading credit card databases as well as buying information from other crooks through online carding forums.

He also admits selling information, manufacturing and selling counterfeit cards, and buying gift cards and merchandise with stolen data.

Charging between $20 and $25 a stolen number, authorities say Hackett made between $200 and $800 a month through the carding forums. In total he received more than $70,000 selling stolen information and another $80,000 by using data to buy fraudulent Western Union orders.

He was caught after selling 40 counterfeit cards to an undercover Secret Service agent. When agents executed a search warrant in 2009 at his home they found more than 675,000 stolen numbers and related information in his computers and e-mail accounts.

Card companies have identified tens of thousands of fraudulent transactions using the numbers found in his possession, totalling more than $36 million.

At sentencing, scheduled for July, Hackett faces maximum of 10 years in prison and a $250,000 fine, or twice the gross gain or loss, on the access device fraud charge, and another two years and a $250,000 fine on the identity theft charge.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related stories

15 April, 2011
11 April, 2011
08 February, 2011
03 February, 2011
12 August, 2010
20 July, 2010

Featured job

Excellent salary with uncapped commission
Milton Keynes

Find your next job