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Brooklyn Man Pleads Guilty to Credit Card Fraud Involving over $700,000

Brooklyn Man Pleads Guilty to Credit Card Fraud Involving over $700,000 - top government contractors - best government contracting event
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A Brooklyn, N.Y., man pleaded guilty today to running a credit card fraud operation that made more than $700,000 in fraudulent purchases throughout the East Coast, the Justice Department announced.

Jonathan Oliveras, 26, pleaded guilty to wire fraud and aggravated identity theft. He reportedly had illegally accessed information from more than 2,300 credit card accounts.

According to DOJ, Oliveras admitted to managing a scheme to purchase stolen credit card account information through the Internet from individuals believed to be in Russia. He also admitted to distributing the purchased information to individuals in the New York, New Jersey and Washington, D.C., metropolitan areas so it could be used to make fraudulent purchases.  

He faces a maximum penalty of 20 years in prison and a fine of more than $1,500,000 on the wire fraud charge, and two years in prison and a $250,000 fine on the identity theft charge. His sentencing is scheduled for Oct. 28, 2011.

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