NEWARK: A Filipino has admitted to running a global cybercrime ring that netted $9 million using stolen credit and debit card data, officials in New Jersey have revealed.
Angelo Virtucio, a 30-year-old from Quezon City in the Philippines, has pleaded guilty in Newark federal court to one count of conspiracy to commit bank fraud, NJ.com quoted U.S. Attorney Paul J Fishman as saying.
According to court documents, Virtucio purchased stolen debit and credit card numbers from computer hackers and encoded new cards with the stolen data. Then, he and his “global network of cashers” made a series of unauthorized purchases and ATM withdrawals.
Virtucio reportedly faces up to 30 years in prison and a $1 million fine, officials said. His sentencing is scheduled for Oct. 24. He was extradited to New Jersey early last year after his arrest in January of 2015 in south Florida.
