25.2 C
Home Crime University of California student allegedly tapped into people’s cell phones to steal...

University of California student allegedly tapped into people’s cell phones to steal their cryptocurrency

Richard Yuan Li, 21, took over no less than 40 folks’s cell telephones from his dorm room, prosecutors say.

A 21-year-old scholar on the College of California San Diego allegedly commandeered the mobile phone accounts of no less than 40 folks to plunder their cryptocurrency wallets, prosecutors mentioned.

Richard Yuan Li, of Hercules, Calif., is accused of working what known as a SIM-swap rip-off from his dorm room at Argo Corridor. A SIM card — or subscriber identification module — is the chip inside a telephone that connects a telephone with its quantity and account.

They are saying Li conspired with a mobile phone firm worker to have unsuspecting victims’ SIMs and cell-phone accounts transferred to at least one contained in a stolen iPhone he possessed.

As soon as Li had gained entry to the victims’ accounts, prosecutors say he and different unnamed conspirators would use the telephone’s two-factor authentication credentials to reset passwords and acquire entry to the victims’ e-mail, financial institution accounts and cryptocurrency wallets.

In no less than one case, prosecutors say Li stole a big quantity of a New Orleans physician’s cryptocurrency after which tried to blackmail him into handing over a further $640,000 price of bitcoin by threatening to share nude pictures taken from the physician’s e-mail with folks he knew, in line with courtroom filings.

Federal prosecutors in Louisiana say that in complete, Li activated no less than 40 numbers on his iPhone AAPL AAPL, +0.39% between July and December, 2018.

Li’s lawyer, Bruce Ashley, mentioned his consumer was a “brilliant and really earnest younger man,” who had good tutorial data, however declined to touch upon the allegations in opposition to him.

Li was initially charged within the rip-off in June 2020, however the case was not too long ago expanded as prosecutors decided that he had allegedly scammed way more victims than initially thought.

In February, prosecutors charged mobile phone firm worker Stephen Daniel Defiore, 36, of Brandon, Fla. for allegedly transferring management of sufferer accounts to Li in alternate for $500 a day. The mobile phone firm wasn’t recognized.

If convicted, Li faces a maximum term of 20 years in jail.

A lawyer for Defiore declined to remark.



Please enter your comment!
Please enter your name here

Must Read

Man Utd close to appointing Rangnick as interim manager

Ralf Rangnick is close to finalising a deal to become Manchester United interim manager until the end of the season. Discussions are ongoing over a...

Banky W, Adesua, celebrate fourth wedding anniversary

Popular singer turned actor, Banky W, and his actress wife, Adesua, are marking their fourth wedding anniversary today. The couple welcomed their first child,...

22 arrested over shooting incident amid chief’s installation at Yamoah Nkwanta

The Central East Police Command has arrested 22 suspects including the Chief of Yamoah Nkwanta, over a misunderstanding that ensued during the installation of...

Stonebwoy earns 3 Grammy nominations

Stonebwoy has earned three spots in the 64th annual Grammy Awards. The nominees were unveiled yesterday, November 23rd, ahead of the Grammy ceremony scheduled to...

Suspected robber kill man before his wife and son

The 44-year-old was killed by a suspected robber at his new site before his 12-year-old son and his wife Saturday dawn. Michael Agbo-Kulu, alias Eli,...