New Yorker pleads guilty to conspiracy to commit bankfraud using stolen credit cards bought on dark-web cybercrime marketplaces.
Trevor Osagie (a Bronx man aged 31) admitted that he played a major role in the establishment of credit card conspirators that caused more than $1,500,000 to over 4,000 accounts holders.
Between 2015 and 2018, Osagie was a co-conspirator in New Jersey/New York who used various means to conceal their crimes.
The sentence will be determined on May 25, 2023.
The U.S. Justice Department shared the indictment. Department of Justice announced that Osagie bought thousands of debit and credit card data via dark internet markets.
Credit card information ends up often on the dark net after being stolen from an e-commerce site infected with skimmers, malware that steals data, or ATM malware.
Osagie also managed members who would steal credit card information.
According to the legal document, one member of the gang created fake credit cards with stolen information. This suggests that they might have been looking for magnetic stripe data that would allow them to create clone cards.
Hamilton Eromosele was the ringleader. He would then recruit women operators through social media and tell them to go to different locations in order to do money laundering.
Eromosele was for participating in the fraud ring.
They traveled the country to buy gift cards and luxurious goods with fraudulent cards, and then sold them for cash.
Finaly, Eromosele would be paid the money and the cut to his co-conspirators.
“Osagie also spoke directly to Wielingen about the theft of payment card information and the places where co-conspirators could use cards created with the stolen card information. Osagie was also anticipating receiving a percentage of any proceeds.” – U.S. DoJ.
Osagie must forfeit all property he has obtained by credit card theft.