A Newark, New Jersey man has admitted that he conspired with others to defraud telephone providers and insurance companies out of millions of dollars by using stolen or fake identities to submit fraudulent claims for replacement cellular devices. He and his co-conspirators then resold the replacement devices outside the U.S., according to U.S. Attorney Philip R. Sellinger of the New Jersey district attorney’s office.
Parag Bhavsar, and Indian national, pleaded guilty before U.S. District Judge Madeline Cox Arleo to one count of conspiracy to commit mail fraud and one count of conspiracy to commit interstate transfer of stolen property, Sellinger reported.
According to court documents, from June 2013 through June 2019, Bhavsar and his conspirators maintained a network of mailboxes and storage units across the U.S., including in New Jersey, where the replacement devices would be shipped and then held before being sold to third parties outside the country.
According to prosecutors, the conspirators unlawfully obtained personal identifiable information (PII) and account information of insurance policyholders and customers of the wireless providers. In addition to these compromised accounts, the conspirators used stolen PII to open new cellular telephone and insurance accounts. They used the accounts to file fraudulent insurance and warranty claims for replacement cellular telephones. After they submitted the fraudulent claims, they directed that the replacement devices be...
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