Friday, February 27, 2009

Bulgarian Hacker Sentenced for Stealing Millions from U.S. Credit Cards

Via (TechTarget) -

A Bulgarian man was given a 4-1/2 year jail sentence for his connection to a cybercriminal gang that bilked millions of dollars from stolen credit cards.

Reuters news agency reported Monday that Issa Mehmed, 28, and four members of an organized cybercriminal gang were given varying sentences for money laundering, financial fraud and extortion tied to spending millions on stolen credit cards. Mehmed pled guilty to the crimes.

Reuters said most of the credit and debit cards belonged to U.S. citizens. The Bulgarian District Court of Varna said the gang conducted operations from June 2003 until January 2008, when the members were arrested.

The sentence requires Mehmed to pay back $1.19 million in stolen funds and pay a $3,000 fine.

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