Arrests made in StubHub fraud case

San Francisco – Police arrested six people on charges they were tied to an international ring that defrauded StubHub, the online ticket resale platform operated by Ebay. In ticket value, the money stolen in the scheme was estimated to be at least $ 1.6 million. The charges include money laundering, possession of stolen property and identity theft.

Six men were indicted on Wedesday, Bloomberg reported, including two Americans arrested in New York and New Jersey, a third American who is wanted, two Russians whose whereabouts are unknown and a third Russian awaiting extradition from Spain.

The cyber thieves  reportedly obtained user credentials used on other sites and then used them to gain access to StubHub accounts and make fraudulent purchases. One thousand user accounts were accessed by fraudsters.

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