May 25, 2024 at 07:33PM
Chirag Tomar, an Indian national, pleaded guilty to wire fraud conspiracy for stealing over $37 million through a fake Coinbase website. Using social engineering and a fake website, Tomar and his co-conspirators tricked legitimate Coinbase customers into revealing their login credentials and two-factor authentication codes. Tomar now faces a maximum prison sentence of 20 years and a fine of $250,000.
From the meeting notes, these are the key takeaways:
– Chirag Tomar, an Indian national, has pleaded guilty to wire fraud conspiracy for stealing over $37 million through a fake Coinbase website.
– He was arrested at the Atlanta airport on December 20, 2023, following investigations by the U.S. Secret Service with assistance from the FBI in Nashville.
– Tomar and his co-conspirators created a fake website to mimic the Coinbase Pro website, with the intention of stealing credentials from legitimate customers.
– This involved phishing Coinbase accounts, assuming control of cryptocurrency wallets, and transferring funds to wallets under their control.
– The scam also involved social engineering and impersonating Coinbase customer service representatives to obtain two-factor authentication codes from victims.
– Tomar and his co-conspirators received hundreds of transactions of stolen cryptocurrency totaling tens of millions of dollars, ultimately converting the cryptocurrency into cash.
– To support a lavish lifestyle, Tomar used the stolen funds to purchase luxury items and take trips to Dubai and Thailand.
– He faces a maximum prison sentence of 20 years and a fine of $250,000.
These are the clear takeaways from the provided meeting notes. If you need anything else, feel free to ask!