One of the defendants accused in the TJX credit card scandal has been sentenced to jail time. The Miami resident received a jail sentence of five years as well as fines of more than $600,000 fine for restitution because of his attempt to sell the credit card data acquired in the unlawful security breach.
Escobar pleaded guilty to his role in the scandal. His co-defendants have pleaded guilty to the same charges of conspiracy to commit fraud as well as for grand theft. The co-defendants have all been on probation since August.
Escobar’s mother pleaded guilty to her role in the scandal, and as a result, was deported back to Venezuela.
It looks as if justice is being served. According to the most recent reports, the information stolen was used to purchase $8 million worth of gift cards. In all, TJX is reporting $168 million in losses as a result of the breach. Many industry insiders, however, feel the figure is likely to be closer to $1 billion. Much of this is based on the belief that TJX customers are likely to make fewer credit card purchases at their stores as a result of the scandal.
Related Posts:
- TJX Facing Additional Fines for Security Breach - TJX and its affiliates are feeling the repercussions of its well-documented security breach awhile aback. Visa has recently announced that fines will...
- Credit Card Scam In Alaska Results In Jail Time For California Woman - Last week, a California woman was sentenced for sixteen months in jail and restitution fees of $124,000 for her participation in a...
- Conviction, Jail Time And Fine In Identity Theft Case - A credit card criminal is off the streets after pleading guilty to access device fraud. A 26 year old man named Christopher...
- Credit Card Scammer Will Spend 51 Months In Prison - TYLER, Texas – Nathan Michael pleaded guilty to access device fraud in late May and was recently sentenced to 51 months in...