International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Saturday, March 11, 2017

Iranian Member of International Cybercrime Conspiracy Sentenced to 10 Years in Prison for Selling Stolen Credit Card Information Online

An Iranian man was sentenced today to 120 months in federal prison for access device fraud and 60 months in federal prison for conspiracy to commit identity theft and access device FBI DOJ logofraud, to be served concurrently, in connection with an international scheme to sell credit card information online. He was further ordered to pay $36.6 million in restitution. 

Milad Kalantari, 32, an Iranian citizen, was sentenced by U.S. District Judge Louis Guirola Jr. of the Southern District of Mississippi. Kalantari was arrested in December 2015, when he entered the United States at John F. Kennedy International Airport in New York City. On Oct. 6, 2016, Kalantari pleaded guilty to one count of conspiracy to commit identity theft and access device fraud and one count of substantive access device fraud.

As part of the plea, Kalantari admitted that he was a member of a financial fraud conspiracy that owned and operated numerous websites, in Kalantari’s name, dedicated to the distribution and sale of stolen credit and debit card information belonging to victims all over the world – including citizens and banks located throughout the United States. As part of the scheme, Kalantari sold approximately 2.5 million stolen credit cards on his websites, with an intended loss amount valued at over $1.2 billion. More than $35 million in actual losses have been confirmed with U.S. companies including more than $26 million in losses to Discover Card and almost $5 million in losses to American Express. 

Senior Counsel Peter Roman of the Criminal Division’s Computer Crime and Intellectual Property Section and Assistant U.S. Attorney Mary Helen Wall of the Southern District of Mississippi prosecuted the case, which was investigated by HSI’s Gulfport Regional Office.

http://lawprofessors.typepad.com/intfinlaw/2017/03/iranian-member-of-international-cybercrime-conspiracy-sentenced-to-10-years-in-prison-for-selling-stolen-credit-card-informat.html

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