A Connecticut man had been found guilty on stolen goods charges. The man defrauded credit card companies of hundreds of thousands of dollars. 47-year-old Nikolay Krechet of West Hartford, Connecticut was found guilty of one count of conspiracy to sell, receive or possess stolen goods and two counts of sale, receipt or possession of stolen goods. The verdict came after a two-and-a-half-week trial. The jury deliberated just 25 minutes before returning the guilty verdicts.
Documents filed in the case and evidence presented at trial showed that Krechet brought and used millions of dollars of gift cards purchased with stolen credit card details. The counts correspond to the purchase of tens of thousands of dollars of gift cards in cash and bartered electronics. Krechet is scheduled to be sentenced on July 31, 2018.
At the time of sentencing, the defendant will face a maximum penalty of five years for the conspiracy charge. The two substantive counts each carry a maximum of 10 years in prison. Additional details have been made available here.