{"id":49759,"date":"2022-05-11T16:12:29","date_gmt":"2022-05-11T23:12:29","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=49759"},"modified":"2022-05-11T16:15:46","modified_gmt":"2022-05-11T23:15:46","slug":"man-sentenced-to-five-years-for-stealing-paypal-account-in-wire-fraud-scheme","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=49759","title":{"rendered":"Man Sentenced  to Five Years in Prison for Stealing 38,000 PayPal Accounts"},"content":{"rendered":"<div class=\"field field--name-field-pr-body field--type-text-long field--label-hidden\">\n<div class=\"field__items\">\n<div class=\"field__item even\">\n<p style=\"text-align: center;\"><span style=\"font-size: 20px;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6759 alignleft\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/10\/Department-of-Justice-300x197.jpg\" alt=\"\" width=\"300\" height=\"197\" srcset=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/10\/Department-of-Justice-300x197.jpg 300w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/10\/Department-of-Justice-90x60.jpg 90w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/10\/Department-of-Justice.jpg 600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>A Texas man was sentenced Wednesday to five years in prison in connection with a scheme to buy 38,000 compromised PayPal account credentials from an illegal online marketplace, officials stated.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px;\">Marcos Ponce then used those credentials to steal money from the rightful PayPal account owners. <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px;\">In addition to the term of imprisonment, the defendant was ordered to pay $1.4 million in restitution.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px;\">Marcos Ponce, 37, of Austin, pleaded guilty to conspiracy to commit wire fraud in October 2021. <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px;\"><a href=\"https:\/\/cjnotebook.com\/photo-by-marques-thomas-querysprout-com\/\" rel=\"attachment wp-att-49762\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-49762 alignright\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2022\/05\/gs9uci8jvgw-300x183.jpg\" alt=\"\" width=\"300\" height=\"183\" srcset=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2022\/05\/gs9uci8jvgw-300x183.jpg 300w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2022\/05\/gs9uci8jvgw-1024x625.jpg 1024w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2022\/05\/gs9uci8jvgw-768x469.jpg 768w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2022\/05\/gs9uci8jvgw-1536x938.jpg 1536w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2022\/05\/gs9uci8jvgw.jpg 1600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>According to court documents, from at least as early as November 2015 and continuing through in or about November 2018, Ponce and his co-conspirators worked together to establish buyer accounts on a particular illegal online marketplace (Marketplace A). <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px;\">Marketplace A functioned as an illegal market for stolen payment account credentials and associated personally-identifying information (PII). <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px;\">The co-conspirators purchased over 38,000 stolen PayPal account login credentials.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px;\">In addition, officials stated that Ponce and his co-conspirators developed social engineering techniques in order to trick unwitting third parties into accepting money transfers from the compromised PayPal accounts and then transferring the money into accounts controlled by members of the conspiracy.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-49761 alignleft\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2022\/05\/2883632-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2022\/05\/2883632-300x200.jpg 300w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2022\/05\/2883632-1024x682.jpg 1024w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2022\/05\/2883632-768x512.jpg 768w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2022\/05\/2883632.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\u201cThe Justice Department remains firmly committed to protecting the American people from fraudsters like this defendant,\u201d said Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Department\u2019s Criminal Division. \u201cMay today\u2019s sentencing send a clear message to would-be thieves: there are real-world consequences for online crimes.\u201d<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px;\">\u201cThis prosecution and sentence send a powerful message that the cyberworld is not a haven for criminals, and law enforcement will work tirelessly to bring cybercriminals to justice,\u201d said U.S. Attorney Ashley C. Hoff for the Western District of Texas.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px;\">\u201cToday\u2019s sentencing sends a message that the FBI will pursue cybercriminals across the globe. Hiding behind a computer does not mean you can stay anonymous or out of reach of law enforcement,\u201d said Assistant Director in Charge Steven M. D\u2019Antuono of the FBI\u2019s Washington Field Office.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px;\">The case was investigated by the FBI\u2019s Washington Field Office, with significant assistance from the FBI San Antonio &#8211; Austin Cyber Task Force.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Texas man was sentenced Wednesday to five years in prison in connection with a scheme to buy 38,000 compromised PayPal account credentials from an illegal online marketplace, officials stated. Marcos Ponce&#8230;<\/p>\n","protected":false},"author":1,"featured_media":49760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3255],"tags":[],"class_list":["post-49759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-federal-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Man Sentenced to Five Years in Prison for Stealing 38,000 PayPal Accounts<\/title>\n<meta name=\"description\" content=\"A Texas man was sentenced Wednesday to five years in prison in connection with a scheme to buy 38,000 compromised PayPal account credentials from an\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cjnotebook.com\/?p=49759\" \/>\n<meta property=\"og:locale\" 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