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Cops bust member of gang that obtained active SIM cards and used them to empty bank accounts

5 days ago   |   By Phone Arena

For something so small in size, subscriber identification module cards can create huge headaches. For example, the cops last month busted Ricky Joseph Handschumacher, a 25-year old Floridian man who used misappropriated SIM cards to purloin hundreds of thousands of dollars in cryptocurrencies, including Bitcoins. Handschumacher, who was charged with grand theft and money laundering, was part of a group of nine men who used "SIM swaps" across the country in order to gain access to victims' accounts.
Similar to a previous scam we told you about a few months ago, ...
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