Robert Ross

December 16, 2021

NY Man Pleads Guilty in $20 Million SIM Swap Theft

This post was originally published on this siteA 24-year-old New York man who bragged about helping to steal more than $20 million worth of cryptocurrency from a technology executive has pleaded guilty to conspiracy to commit wire fraud. Nicholas Truglia was part of a group alleged to have stolen more than $100 million from cryptocurrency investors using fraudulent “SIM swaps,” scams in which identity thieves hijack a target’s mobile phone number and use that to wrest control over the victim’s online identities. Truglia admitted to a New York federal court that he let a friend use his account at crypto-trading […]