Minnesota residents who have been accused of white collar crimes know that the penalties they may face if convicted can be severe. There are many different types of offenses that are classified as white collar crimes and each may have its own set of penalties. These may also vary based upon individual case circumstances or even the inclusion of plea bargains.
One man from Minnesota was recently sentenced in a white collar crime case after pleading guilty to two different charges. One of the charges was for aggravated identify theft. The other charge to which he entered a guilty plea was for access device fraud. The defendant is said to have illegally promoted personal banking login credentials for sale on an underground website system. The activities are reported to have taken place over the course of roughly six months.
Logins for banking were purchased from the defendant by a person who ended up being a agent with the Federal Bureau of Investigation. It is not know what originally led the FBI agent to seek purchasing the identity data. In total, the man accused of selling personal information has been sentenced to 50 months in prison. Whether or not he will need to spend the entire 50 months in custody remains to be seen.
People who face serious federal crimes may want to consult with an attorney early on to learn the laws and their options for a good and fair defense process.
Source: Fox 21, "Minnesota man receives 4 years in prison for identity theft," Dec. 1, 2016