Fake ID Crypto Sign-Ups Attracts 2-Year Prison Term

A man from Australia has been sentenced to two years in prison for cyber-enabled identity theft, which involved the use of false documents to establish online cryptocurrency accounts.

The Melbourne County Court sentenced a 31-year-old Australian male on June 21, according to the Australian Federal Police (AFP).

The individual was charged due to an international investigation into a website that sold fraud-enabling technology and was associated with the theft of over $1 million from victims, which amounts to 670,000 Australian dollars.

Operation Stonefish revealed the cybercrime network

In August 2022, the AFP initiated Operation Stonefish in response to an investigation by the United Kingdom authorities into a website that provided deception services for as little as 20 British pounds. The website facilitated identity theft and financial fraud.

A victim in New South Wales submitted a complaint to Report Cyber, an Australian Commonwealth Government website for reporting cybercrime, regarding creating an unauthorized bank account.

According to AFP inquiries, the Australian man utilized fake driver’s licenses with the actual victims’ information and his photo to establish accounts on two cryptocurrency exchanges.

Arrest and seizure of evidence

AFP officers searched the man’s residence in Boronia in November 2022. Blank and counterfeit driver’s licenses, a lost passport, and a variety of cards in the identities of other individuals were confiscated.

In addition, the authorities discovered an encrypted messaging platform on the man’s computer that contained instruction manuals on creating fraudulent documents and discussions about identity-based crime. During the inquiry, the individual declined to furnish access codes for his devices.

Detective Superintendent Tim Stainton underscored the severe consequences of identity theft. He stated:

“Theft of an individual’s identity is a severe criminal offense that can result in substantial prison time and have severe repercussions for the victim.”

“The use of fraudulent documentation and a stolen identity can have a catastrophic effect on the lives of individuals if they are sold online or used for criminal purposes,” Stainton continued.

Sentence and conviction

The Australian citizen was found guilty of numerous offenses under the Criminal Code and the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

These included the provision of fraudulent information, the handling of proceeds of crime, the production and possession of false documents, and the failure to comply with a court order.

He was sentenced to two years of imprisonment, with ten months of non-parole. The authorities emphasized the case as a reminder of the far-reaching consequences of cyber-enabled identity theft and the necessity of international cooperation in the fight against such crimes.