on Friday, September 17, 2010, 11:10.

http://www.thenewnewinternet.com/2010/09/17/carder-gets-6-year-prison-sentence-for-online-money-laundering-scheme/

A California man who served as the head honcho for transmitting stolen money to hackers and carders in East Europe and globally was sentenced yesterday to 72 months in prison for conspiring to launder money.

Cesar Carranza, aka “uBuyWeRush,” participated in the money laundering conspiracy from Long Beach, between April 2004 to November 2006, and received cash deposits from carders. Carranza used various ways to launder proceeds of the illegal schemes, including acting as a money exchanger for an online payment system known as e-Gold. E-Gold Ltd. was previously convicted in July 2008 of conspiracy to engage in money laundering, and three of its directors were convicted of operating an unlicensed money-transmitting business.

According to court records, Carranza admitted in online forums that he had done carding between 1990 and 1998, but retired to become a vendor for other carders.

“I decided to supply all you guys making the real big bucks,” he allegedly wrote. “So if you need me I sell Card Printers, Card Embossers, Tippers, Encoders, Small Readers and more.”