StubHub hacker gets up to 12 years in prison…
The ringleader of an international ticket scam who led a group of five men which targeted the online ticket exchange company, StubHub was sentenced to 12 years in prison by Manhattan District Attorney Cyrus Vance Jr. The ring of men hacked StubHub users, stole online personal information and credit card details, and then used this data to buy tickets for events, shows and concerts. After purchasing the tickets, the fraudsters then sold the tickets in New York and New Jersey just hours before the events were scheduled.
According to reports, over 1,000 accounts were hacked and StubHub was defrauded of more than $1 million. The prosecutors on the case state that over 3,500 tickets for shows and events were purchased. Such tickets included, music concerts by artists like Jay-Z and Elton John, and also baseball games, amongst several other types of shows and events.
The Russian ringleader, Vadim Polyakov was indicted along with the other five men in 2014. Last month, Polyakov pleaded guilty to money laundering and criminal possession of stolen property, and yesterday Polyakov was sentenced to up to twelve years in New York State prison, with a minimum of four years.
((Image by John Fischer, Creative Commons, Attribution 2.0 Generic (CC BY 2.0))