深潮TechFlow|Oct 26, 2026 04:54
[US Man Sentenced to 51 Months in Jail for Using Stripe to Steal Credit Card Funds and Transfer Stolen Money with Bitcoin] According to a report by (Bitcoin.com) News on October 26, Timothy Wadsworth, a man from Rochester, New York, was sentenced to 51 months in prison for conspiracy to commit wire fraud and money laundering, and ordered to pay approximately $811,000 in restitution.
The US Department of Justice stated that between March and May 2020, Wadsworth used account information provided by an accomplice to initiate 310 unauthorized payments through the payment service Stripe, involving approximately $1,673,600. Of these, 116 transactions were successful, amounting to approximately $730,700. He then transferred some of the funds to a bank account under his personal control and purchased Bitcoin through Coinbase before transferring it to his accomplice.
In addition, his fraudulent activities included small business relief loans during the pandemic, Paycheck Protection Program loans, unemployment benefits, and fake romance scams. The U.S. Department of Justice estimates that the fraud scheme caused actual and anticipated losses totaling approximately $2.06 million between March 2020 and September 2021.
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