A man convicted of trying to sell the Social Security numbers and other information for thousands of people to undercover agents was sentenced to five years in federal prison, authorities said.
Binyamin Schwartz, 29, of Oak Park, Mich., was convicted of identity theft, aggravated identity theft, access device fraud and wire fraud.
Schwartz gained access to the data in his work as a business software consultant for Sentry Insurance Co. in Stevens Point, Wis., the U.S. Attorney’s office in Nashville and the U.S. Secret Service announced in a news release.
He sought $25,000 in cash last June for 36,000 identities using an assumed name online. The prospective buyer was a Secret Service agent and Schwartz was arrested when he flew to Nashville to complete the sale.
A database containing information on 75,000 more people was found when he was arrested.
Schwartz was also ordered Monday to serve two years of supervised release and to pay $519,859 to Sentry for its expenses notifying customers of the breach and their credit monitoring.
Was this article valuable?
Here are more articles you may enjoy.