According to Wu, the U.S. Attorney's Office for the Western District of New York disclosed on October 23 that Timothy Wadsworth 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 and forfeit approximately $811,000 in proceeds of crime. He initiated 310 unauthorized credit card payments through Stripe, involving approximately $1,673,600, of which 116 were initially successful, amounting to approximately $730,700. After the funds flowed through his bank accounts, some were transferred to Coinbase to purchase Bitcoin and then transferred to his accomplices. Actual and anticipated losses from his credit card, government loan, unemployment benefits, and other fraudulent activities totaled approximately $2,060,000. https://www.(wublock123.com)/news/credit-card-fraud-proceeds-converted-to-bitcoin-51-months-sentenced-70689