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Man gets 6 years for laundering $2.5m from phony credit cards

End of the line for uBuyWeRush

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A California man was sentenced to six years in prison for his role in laundering $2.5m in proceeds from stolen credit card schemes.

Cesar Carranza, 38, of Long Beach, California, received the sentence on Thursday after pleading guilty in December to one count of conspiring to launder unlawful proceeds, prosecutors said. According to court documents, he 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.

Wired.com has much more here. ®

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