From Stripe to Bitcoin: Card Fraud Case Ends in Prison Sentence

A Rochester man’s fraud scheme moved unauthorized credit-card payments through bank accounts before funding bitcoin purchases and transfers to co-conspirators. Timothy Wadsworth received a prison sentence after processing hundreds of attempted charges using account numbers supplied by others. A scheme that converted unauthorized card payments into bitcoin has resulted in a 51-month federal prison sentence. The Department of Justice (DOJ) announced the sentence and restitution order on Oct. 23 for Timothy Wadsworth, 35, of Rochester, New York, following his conviction for conspiracy to commit wire fraud and money laundering.