FBI Busts Bulgarian, International Internet Fraud Schemers

Crime | December 20, 2011, Tuesday // 09:52
Bulgaria: FBI Busts Bulgarian, International Internet Fraud Schemers

A total of 16 individuals, including four Bulgarians, have been busted by FBI for their involvement in a high-profile international Internet scheme

The scheme defrauded online purchasers of purported merchandise such as automobiles and other items. The 16 alleged perpetrators are charged in Las Vegas, the Bulgarian bTV private channel has informed.

The defendants are charged with wire fraud, conspiracy to commit wire fraud, conspiracy to commit money laundering, and criminal forfeiture.

According to the allegations in the indictment, from about December 2008 to December 2011, the conspirators listed and offered items for sale on Internet sites (such as Craigslist and Autotrader) and occasionally also placed advertisements in newspapers. The items offered for sale included automobiles, travel trailers and watercraft.

Relying on the schemers fraudulent representations, scores of buyers agreed to purchase items that the schemers offered online and in newspaper advertisements.

The conspirators kept and converted the fraudulently obtained purchase money for their own purposes. The defendants and their associates allegedly obtained more than USD 3 M through the fraud scheme, which they distributed among the conspirators both inside and outside the United States.

If convicted, the defendants face up to 60 years in prison and fines of up to USD 1 M.

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Tags: scheme, fraud, FBI, Internet Fraud, Internet scheme
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