Man Gets 6 Years for Laundering $2.5m from Phony Credit Cards
The Register reports a California man was sentenced to six years in prison for his role in laundering $2.5m in proceeds from stolen credit card schemes. According to court documents, Cesar Carranza, 38, of Long Beach, California was part of an intricate web of hackers and credit card scammers who associated on websites such as carderplanet.com and shadowcrew.com, both of which are no longer in operation. Using the online handle “uBuyWeRush,” Carranza helped launder funds plundered by money mules who used stolen credit card data to withdraw money from ATMs. From Long Beach, he used a variety of methods to transfer the money abroad, including e-Gold.
