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VoIP Fraudster Does A Runner |
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Written by Adam Gosling
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Saturday, 16 September 2006 |
The Miami man accused of
stealing telephony calls from some of America's largest telephony
providers has reportedly disappeared.
According to this news flash on Information
Week, Federal authorities say a warrant has been issued for the man's arrest
after he failed to meet the travel restrictions imposed upon him as part of his
U.S.$100,000 bail conditions.
The 23 year old was arrested in June for wire
fraud after it was revealed he had sold more than 10 million stolen call
minutes through his own company at significantly discounted rates.
It is believed he gained more than U.S.$1 million out of the
fraud, so there's little chance that walking out on the U.S.$100,000 bail surety
will impact his profit by that much - except that it wasn't his money used to
get him bail. The man's girlfriend's mother put up two of her properties as
surety
The other accused, who did the initial crack to gain access
to the free calls via a relatively simple brute force attack has not fled and will
likely face trial as a conspirator. He was allegedly paid U.S.$20,000 to facilitate
the fraud.
Investigators believe more than 15 VoIP service providers were
victims of the scheme that began in late 2005.
The accused spent some of the profits from the illegal scam
on real estate, a 40-foot boat and expensive cars.
The man faces fines up to U.S.$1.25 million, up to five
years in prison if found guilty of computer fraud and up to 30 years if
convicted of wire fraud, according to the Information Week report. His
accomplice could go to jail for five years and face a fine of $250,000 for his
conspiracy charge.
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