7 sentenced use hacked credit cards to buy cigarettes

Image
AP Raleigh
Last Updated : Jun 01 2017 | 10:48 PM IST
Seven people are going to federal prison for using stolen credit card numbers and counterfeit gift cards to buy more than $1 million in cigarettes in North Carolina.
The defendants then sold those cigarettes on the black market, completing a scheme that began with stolen credit information they obtained from overseas hackers.
Federal prosecutors said they encoded the credit card info onto gift cards, which they took to Walmart stores and bought genuine Walmart gift cards. The genuine gift cards were then taken to Sam's Club stores to buy the cigarettes.
A statement from US Attorney John Stuart Bruce says they received sentences of about 3 years to 12 years Wednesday after pleading guilty to conspiracy to commit money laundering and aggravated identity theft.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 01 2017 | 10:48 PM IST

Next Story