Cyrus Farivar reports:
The accused leader of a massive international data theft ring was charged in a New Jersey federal court on Wednesday with conspiracy to commit bank fraud. American prosecutors allege that Duy Hai Truong, 23, was the mastermind behind a scheme involving $200 million in fraudulent charges. The Vietnamese citizen was arrested in his home country late last month.
The federal criminal complaint calls Truong “one of the largest resellers of stolen credit card data in the world.” Federal authorities allege that he specialized in acquiring personally identifying information (PII)—names, addresses, credit card information, social security numbers—which he then sold to others.
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