Bronx Man Receives Over a Year in Prison for Leading Extensive Credit Card Fraud Scheme

Nationwide Conspiracy Involving Stolen Credit Cards Results in $1.5 Million in Fraudulent Purchases; Major Sentence Handed Down in Newark.

In a significant ruling at the Newark federal court, Trevor Osagie, a 32-year-old Bronx resident, was sentenced to 12 months and one day in prison for orchestrating a widespread credit card fraud conspiracy affecting thousands of victims across the United States.

Who: Trevor Osagie, aged 32, from the Bronx, New York, has been identified as the mastermind behind a massive credit card fraud operation.

What: Osagie previously admitted to conspiring in a scheme that utilized stolen credit card information for making unauthorized purchases nationwide, including gift cards, flights, hotels, and rental cars. The fraudulent activities spanned from 2015 to November 2018, generating over $1.5 million from more than 4,000 compromised credit card accounts.

When: The sentence was imposed today by U.S. District Judge William Martini in Newark federal court. The criminal activities took place between 2015 and November 2018.

Where: The fraudulent transactions were conducted throughout the United States, with Osagie and his network primarily operating in the New Jersey/New York area.

Why: The conspiracy was driven by the acquisition of stolen credit card information from the “dark web” and other sources. Osagie played a central role in this scheme by managing individuals who traveled across the country to execute these transactions.

How: Osagie and his accomplices employed a network of individuals to make fraudulent purchases. They used sophisticated methods to obtain and use the stolen credit card information, including creating fake credit cards.

In addition to his prison term, Osagie faces three years of supervised release and has been ordered to pay $1.43 million in restitution.

Background: 

The U.S. Secret Service, led by Special Agent in Charge Aaron Hatley, conducted the investigation leading to Osagie's sentencing. The prosecution was led by Assistant U.S. Attorney Shawn Barnes, Chief of the OCDETF/Narcotics Unit in Newark.

This case serves as a stark reminder of the ongoing threats posed by sophisticated credit card fraud schemes and the importance of cybersecurity vigilance. U.S. Attorney Philip R. Sellinger's office has emphasized the commitment to prosecuting such crimes, ensuring justice for the thousands of individuals affected by these illegal activities.