NEWARK, N.J. – Trevor Osagie, a 32-year-old Bronx resident, was sentenced today to 12 months and one day in prison for his role in a nationwide credit card fraud conspiracy, as announced by U.S. Attorney Philip R. Sellinger. The sentence was handed down by U.S. District Judge William Martini in Newark federal court, following Osagie’s guilty plea to one count of conspiracy to commit bank fraud.
Court documents and statements revealed that from 2015 through November 2018, Osagie was involved in a scheme using stolen credit card information to make fraudulent purchases across the United States. The conspiracy involved a network primarily based in the New Jersey/New York area. Participants used the stolen credit card data, sourced from the “dark web” and other means, to buy gift cards, flights, hotel stays, rental cars, and other items. Osagie not only recruited individuals to create the fraudulent credit cards but also managed those who traveled for executing the transactions. The scheme involved more than 4,000 stolen credit card accounts, resulting in over $1.5 million in fraudulent purchases.
Additionally, Judge Martini sentenced Osagie to three years of supervised release and ordered him to pay $1.43 million in restitution. The sentence reflects the extensive impact of the fraud on thousands of account holders and the financial system.
