Hebron Resident Indicted for Multi-Million Bitcoin and Credit Card Fraud
In a precedent, the Israeli State Attorney will ask to forfeit the defendant’s crypto wallet containing 1,071 Bitcoins, which he allegedly used to launder money he made through fraudulent activities
The department of cybercrime at the Israeli State Attorney’s office has filed an indictment Monday against a Hebron resident for carrying out more than 20,000 fraudulent credit transactions, valued at over $280,500 (one million shekels) and laundering money using cryptocurrencies.
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The defendant, 33-year-old Hilmi Git, a Palestinian resident of Hebron, in the West Bank, was arrested by Israeli police in late April.
Credit cards. Photo: Shutterstock
According to the indictment, Mr. Git is accused of running online forums where information about hundreds of stolen Israeli credit cards was sold. Mr. Git operated two websites, Alboraaq.com and Altenen.com, for the purpose of carrying out a series of fraudulent activities over the course of a decade. Mr. Git’s websites had more than 1.3 million users worldwide.
Mr. Git is also accused of laundering earnings from credit card frauds and other fraudulent activities by requesting payment in cryptocurrencies such as Bitcoin, Ethereum, and DogeCoin, transferring coins from wallet to wallet and registering some of his earning to his relatives.
Israel Police has seized a crypto wallet belonging to Mr. Git and containing 1,071 Bitcoins, which are currently valued at $8.7 million (NIS 31 million). In a precedent, the Israeli State Attorney will ask to forfeit Mr. Git’s crypto coins if he is convicted.
Mr. Git is quoted in the indictment as saying “We are thieves. Anywhere we can take money, we will, no matter where from- Israel, the U.S., even the moon.”