Ex- Vegas payment processing firm chief guilty in fraud case
LAS VEGAS (AP) - Prosecutors say a British man living in Las Vegas and Texas has pleaded guilty in federal court in Nevada to bilking thousands of victims to out of at least $11 million during a six-month period.
Assistant U.S. Attorney General Jody Hunt says Gareth David Long admitted Tuesday that from 2008 through 2013 he abused personal and financial information obtained through his Las Vegas-based payment processing firm, V Internet Corp.
The 40-year-old Long is expected to face between about five and seven years in federal prison at sentencing Feb. 20 for his felony fraud and identity theft convictions.
Prosecutors say the company operated from 2008 through 2013. It also used the names Altcharge and Check Process, and Long registered the payday consumer loan websites fastloanfast.com, loan4utoday.com and fastloan4me.com.
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