A Ho Chi Minh City court Thursday sentenced a man to seven and half years in prison for trading personal information stolen from credit card users in Vietnam and other countries.
Six henchmen of Van Tien Tu, 30, got jail terms of one and a half to four years, all for the same crime of "illegally using information on the Internet."
Between July 2010 and May 2013 the group bought the information from international hackers at US$0.6-6 per account and resold it for $1-30.
Tu and his men earned more than VND80 billion (US$3.52 million) from the business, prosecutors said, with the money wired through banks and claimed as fees customers paid for designing websites.
Tu, who pocketed more than 70 percent of the amount, spent it on houses and luxury cars, they said.
The Vietnamese police busted the ring in June 2013 together with British and American authorities, and arrested the gang in Ho Chi Minh City.
The US Federal Bureau of Investigation said the ring allegedly traded the personal information of more than 1.1 million credit cards with criminal customers in many countries, including Germany, Italy, the UK, the US, and Vietnam. The illegally traded information was believed to have resulted in $200 million worth of fraud.
At the same trial, the Ho Chi Minh City People's Court sentenced six others to two years each for collaborating with Tu in running gambling websites in 2012-13 and 19 more to one and a half to two years for gambling.