New Yorker defrauded victims with stolen credit cards

January 31, 2023
New Yorker Fraudster Stolen Credit Cards Trevor Osagie Darknet

An individual from New York has admitted to his crimes after being charged with conspiracy to commit bank fraud through stolen credit cards bought on underground marketplaces.

The defendant, Trevor Osagie, a 31-year-old man from the Bronx, pleaded guilty to participating in an operation of a credit card scam group that caused more than $1.5 million in damages to about 4,000 account holders.

Based on reports, Osagie committed his crimes from 2015 to 2018, using a network of accomplices in New York and New Jersey. Moreover, his team’s operations used various tactics to launder money from their victims.

The court decided to give the defendant up to 30 years in jail and a maximum fine of a million dollars. The judge will decide his sentence in May.

 

Trevor Osagie purchased thousands of stolen credit cards from darknet marketplaces.

 

Based on the published indictment shared by the US DOJ, the defendant purchased stolen credit cards and debit card data from black markets on the dark web.

Credit cards commonly arrive on dark web markets after hackers steal them from e-commerce websites through web skimming, infostealing campaigns, and ATM malware attacks.

Osagie was also the mastermind for managing and recruiting members using stolen credit card data for their scams.

The document published by the legal team mentioned that a gang member developed credit cards using stolen credit card details. Hence, the operation might have been sourcing magnetic stripe data which allowed the miscreants to forge duplicates.

Furthermore, the crime ringleader, Hamilton Eromosele, recruited female operators on social media platforms and deployed them to travel to numerous locations and perform money laundering attacks.

This ringleader was recently sentenced a couple of years ago to nearly ten years for his involvement in the fraud campaign. His operators travelled across the United States to buy gift cards and luxury goods using fraudulent cards and sold these items to liquidate.

Osagie will now have to forfeit any property acquired through the credit card scam campaign after its final decision on May 2023.

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