Tuesday, May 20, 2014

US cyber-thief gets 20-year jail term

A US cyber-thief who helped run a website that dealt in stolen credit cards has been jailed for 20 years.

David Ray Camez was one of the key members of the carder.su website that was shut down in 2010 by US law enforcement authorities.

Initially sentenced to seven years in jail, Camez's term was lengthened after he was found guilty of breaking US racketeering laws.

In addition, he has been ordered to pay $20m (£11.9m) in damages.

"Camez was a member of a vast criminal organization that facilitated rampant cyber fraud throughout the world," said the US Department of Justice in a statement. The jail sentence is believed to be one of the longest ever handed to a computer criminal.

Camez and his co-conspirators used Carder.su to traffic stolen payment cards and identities, said the DoJ. Agents from the Homeland Security Investigations unit infiltrated the site prior to it being shut down.

About 5,500 people were regular users and members of Carder.su, it said, adding that these people are believed to have carried out card crime that caused about $50m in losses for many different card and payment firms.

Source and Full Story Here: http://www.bbc.com/news/technology-27472244