by TerranceBoyce
Mon Dec 15, 2014 8:27 am
https://nakedsecurity.sophos.com/2014/12/14/liberty-reserve-cto-and-ebay-car-scammer-jailed-for-5-years-each/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+nakedsecurity+%28Naked+Security+-+Sophos%29
December 14, 2014
Two men received sentences of five years and up from US courts this week, both convicted of online crime and fraud.
Romanian Razvan Caprarescu got 63 months jail time, plus restitution of over $650,000, for his part in a complex scam involving fake car sales on online auction sites including eBay.
Liberty Reserve domain seizedThe second, CTO of former digital currency brokerage Liberty Reserve Mark Marmilev, was given five years for facilitating cybercrime and money laundering through the corrupt business.
39-year-old Caprarescu, originally from Bucharest, admitted scamming $367,036 from eighteen separate victims, all tricked into thinking they were buying cars.
The format of the con, and the Romanian connection, hint at a possible link to similar scams operated by fugitive Nicolae Popescu, recently promoted to the FBI's 10 Most Wanted list with a $1 million reward on offer.
CAR ADVERTS - If a car seller mentions escrow - he's scamming you Never ever for any reason pay anything until you have seen and inspected the vehicle
