The organization filed an indictment, stating that Hilmi Git had managed to commit more than 20,000 swindling transactions with Israeli credit cards, laundering the money via the Bitcoin network. Halmi Git, a resident of Hebron, has been charged of multiple scams with credit cards, providing means for committing a crime, carrying out fraudulent trade activity, and laundering the proceeds through Bitcoin.
According to the report, the Git managed to pile up a total of 1,071 Bitcoin over the course of his crimes. At that time of press, Bitcoin is trading at $7,342.21, making the total value of Git’s fraud at a little over $7.8 million.
Git processed a forum network and websites used to deliver information on how to commit a range of computer violations. One of these forums is affirmed to have provided stolen credit card information. At the time when the entry to the forum was free, members could acquire a “VIP” membership to gain “fresh” credit card data. Git issued various guides in violation with the country’s Computers and Money Laundering Law. Git also managed another scam, fraudulently realizing mobile phones – often members of his own forums – at significantly reduced prices.
The indictment dispalys a scheme in which Git would require that the customer transfer his money for the phone, after which point he would proceed to block the client from the forum without ever actually having sent the customer their phone. He would go on to issue a positive feedback message on behalf of the deceived customer, expressing gratitude for the cheaper mobile phone.
The Israeli State Prosecutor’s Office declares that Git had demanded all the payments to be made in Bitcoin. As such, he has reportedly managed to accumulate more than 1,071 Bitcoin between 2008 and 2018. The Bitcoin wallet of the defendant has been seized and the funds in it are to be confiscated if and when he is found guilty of his crimes.