Esteban Cabrera Da Corte, a Miami gang leader, has been handed a 63-month prison sentence by a federal court in New York for orchestrating a cryptocurrency scam that defrauded US banks and a prominent exchange of over $4 million.
The scheme involved fraudulent refunds, where financial institutions were tricked into reimbursing criminals who had utilized stolen personal data to impersonate others.
US Banks And Crypto Exchange Fooled
According to the investigation conducted by the US Department of Justice (DOJ), Esteban Cabrera Da Corte, also known as “Esteban Cabrera” and “Steban,” led a scheme that spanned at least 2020 through March 2020.
Together with his co-conspirators, they defrauded US banks and a prominent cryptocurrency exchange platform, the identity of which was not disclosed by the DOJ, by purchasing more than $4 million in cryptocurrency.
Subsequently, they falsely claimed that these transactions were unauthorized, thus prompting the banks and the exchange to reverse the transactions and deposit the funds into accounts controlled by the defendants. The defendants then withdrew the money from these accounts while retaining the digital assets for themselves.
To carry out the fraudulent scheme, Cabrera Da Corte and his co-conspirators created accounts with the cryptocurrency exchange, using counterfeit US passports, forged driver’s licenses, and stolen personal information.
These accounts were linked to bank accounts under the defendants’ control. The defendants utilized money deposited into these accounts, often through ca
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Author: Ronaldo Marquez
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