A Baltimore man pleaded guilty on Tuesday to conspiracy to commit access device fraud for his role in an identity theft and credit card fraud ring.
Olanrewaju Abiola and his co-conspirators purchased stolen credit card data, typically on the internet, and then loaded it onto gift cards and other payment cards, according to a Tuesday release from the U.S. Attorney's Office for the Eastern District of Virginia.
The group used the cards, along with counterfeit driver's licenses, to make purchases from various locations in the Baltimore-Washington area, including Giant, Rite-Aid and Nordstrom. They then returned the purchases in order to get cash.
The scheme resulted in at least $200,000 in actual and intended losses, and involved more than 250 victims, according to the release. Abiola faces a maximum five years in prison.
