Man Pleads Guilty in Wal-Mart Card Phishing Scheme

A Sacramento, California, man has pleaded guilty to charges for his role in an international scam that netted sensitive information on tens of thousands of Internet users and then used that data to open fraudulent Wal-Mart credit cards. Tien "Tim" Truong Nguyen pleaded guilty to fraud and identity theft charges on Tuesday, the day before his case was set to go to trial.Prosecutors say that, working in concert with Romanian cyber-criminals, Nguyen set up fake phishing Web sites and supplied others with stolen information that was then used to set up fake Wal-Mart instant credit accounts in stores throughout northern California.By setting up hundreds of these instant credit lines, Nguyen's two alleged co-conspirators, Stefani Ruland and Ryan Price, netted close to $193,000 in just under two months, prosecutors say. Posted in: Credit Card Fraud