Las Vegas Man Convicted of Using Stolen Credit Card Numbers - 8 News NOW

Las Vegas Man Convicted of Using Stolen Credit Card Numbers

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LAS VEGAS -- A federal jury on Monday convicted a Las Vegas man of felony charges for unlawfully obtaining thousands of credit, debit and gift card numbers and using them to obtain cash and buy electronics, Nevada's U.S. Attorney Daniel Bogden said.

Ryan Masters, 28, was convicted of one count of conspiracy, four counts of possession of 15 or more counterfeit or unauthorized access devices, one count of aggravated identity theft and criminal forfeiture.

He is in custody and is scheduled to be sentenced by U.S. District Judge Miranda Du on Feb. 25. Masters faces up to 10 years in prison on the conspiracy and access device counts and two additional years on the aggravated identity theft count, plus fines of up to $250,000.

"Thieves who commit credit card, debit card and gift card fraud harm our economy and damage the public's confidence in our financial transaction system," Bogden said. "We will do our part to protect the public by prosecuting these thieves to the maximum extent of the law."

According to the superseding indictment and evidence presented by the government at trial, between May 2010 and April 2012 Masters purchased stolen credit, debit or gift card account numbers from a person in Pakistan. Masters then used them to purchase items, including electronics, which he later resold for his own benefit. 

He also obtained thousands of pages of customer records, including credit card numbers, that were stolen from a hotel in Las Vegas. Masters used computer software to predict gift card numbers issued by card companies. He then spent the money on the gift cards before the owners could use them.

The case was investigated by the FBI and is being prosecuted by Assistant U.S. Attorney Michael Chu.

 

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