Scammers Indicted for Using PayPal and eBay to Gain $2M by Fraud

The United States Attorney’s Office of the Southern District of Indiana announced that Tuong Quoc Ho, 32, Carmel, Indiana, was indicted on Friday by a federal grand jury for an elaborate scheme to defraud businesses, consumers, suppliers, financial institutions, credit card holders, credit card companies, and identity theft victims for personal monetary gain. The indictment contains 28 federal offenses, including wire fraud, aggravated identity theft, credit card fraud, money laundering, and other federal crimes.

According to court documents, Ho and others overseas allegedly obtained personal information from the internet of hundreds of persons located throughout the United States and worldwide.

He then allegedly used this information to open PayPal and eBay accounts fraudulently. He would then link his personal bank accounts to these PayPal accounts to receive and transfer money. There were over 500 PayPal accounts linked to Ho’s personal bank accounts. The indictment further alleges that Ho and others… eSellerCafe

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