Pinoy sentenced in New Jersey for $9M credit card fraud
A Filipino man received a five-year prison sentence and two years of supervised release from a federal court judge in Newark, New Jersey, USA, for committing bank fraud through a $9-million (over P400 million) stolen credit and debit card ring.
Angelo Virtucio, who hails from Quezon City, Philippines, was proven guilty of purchasing stolen debit and credit card numbers from computer hackers.
The 31-year-old used the stolen data and encoded it to new cards, New Jersey Real Time News reported.
Authorities also confirmed that Virtucio used several skimming devices on ATMs (automated teller machines) to obtain sensitive information from clueless victims.
He also partnered with a “global network of cashers” to commit unauthorized purchases and ATM withdrawals, the report said.
Virtucio was on the run from the law a few years back and was arrested in South Florida in January last year, where he was extradited back to New Jersey.
The now convicted felon pleaded guilty to conspiracy to commit bank fraud in July last year.