FeesSafety
Pluang+

Man sentenced to 51 months for $2M fraud via stolen credit cards and fake loans

Market News
25 Oct 2026
Tokenpost
View Source
Bearish
Man sentenced to 51 months for $2M fraud via stolen credit cards and fake loans

Timothy Wadsworth was sentenced to 51 months in prison for orchestrating fraud schemes involving over $2 million in losses. He used stolen credit card numbers to make unauthorized payments totaling $1.67 million, with some funds converted to Bitcoin. The schemes also included false loan applications and other fraudulent claims, resulting in significant financial harm. He was ordered to pay restitution and forfeit proceeds from the fraud.

The fraud case involving Bitcoin includes over $2 million in losses. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 26, 2026 10:41 WIB: out of 50 major cryptocurrencies, 5 rose and 43 fell today. Notable movers include SAND (The Sandbox) at Rp855 with a 4.89% decrease and 80% sell order activity, FIL (Filecoin) at Rp16.272 down 4.56% with 67% sell orders, and XTZ (Tezos) at Rp5.086 down 4.11% with a balanced buy-sell split.

More News

Solana (SOL) dips below $100 amid a 2.3% 24-hour drop, mirroring broader crypto declines.

Solana (SOL) dips below $100 amid a 2.3% 24-hour drop, mirroring broader crypto declines.

Solana (SOL) fell just below the $100 mark late Sunday, with prices recorded at around $99.98 on OKX, marking a 2.38% decline over 24 hours. Another market snapshot showed SOL slightly above $100 but still down 2.23%. This drop aligns with broader cr...

Market News
Bearish
4 hours ago
UNITREE contract hits $98 with $21M trading volume as 宇树科技 shares rise 8% to 674.01 yuan

UNITREE contract hits $98 with $21M trading volume as 宇树科技 shares rise 8% to 674.01 yuan

On October 26, a UNITREE contract on Trade.xyz was quoted at $98 and recorded a 24-hour trading volume of $21.09 million. Simultaneously, 宇树科技's A-share price rose by 8.01% intraday to 674.01 yuan. These figures reflect activity in different markets ...

Market News
Bullish
4 hours ago
NEOS Boosted S&P 500 High Income ETF yields 17% but offers limited outperformance with high risk.

NEOS Boosted S&P 500 High Income ETF yields 17% but offers limited outperformance with high risk.

The NEOS Boosted S&P 500 High Income ETF (XSPI) offers a high yield of about 17% annually by leveraging 150% exposure to the S&P 500. However, this yield mainly comes from option premiums and return of capital rather than dividends, making total retu...

Market News
Neutral
4 hours ago
Wallet 0xfAb faces $400K unrealized losses in ONDO and LINK, with a $1.1M portfolio value.

Wallet 0xfAb faces $400K unrealized losses in ONDO and LINK, with a $1.1M portfolio value.

Wallet 0xfAb holds about $1.1 million in assets but faces nearly $400,000 in unrealized losses from its Ondo (ONDO) and Chainlink (LINK) spot positions. The wallet began accumulating ONDO about a year ago at an average cost of $0.55 per token, invest...

Market News
Bearish
4 hours ago
Man sentenced to 51 months for using stolen cards to buy Bitcoin via Stripe payments.

Man sentenced to 51 months for using stolen cards to buy Bitcoin via Stripe payments.

Timothy Wadsworth was sentenced to 51 months in prison and ordered to pay over $810,000 in restitution after he processed unauthorized credit card payments through Stripe, converting the funds into Bitcoin via Coinbase. Between March and May 2020, he...

Market News
Bearish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App