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Russian Man Pleads Guilty To StubHub Scheme

NEW YORK (CelebrityAccess) — A Russian national plead guilty last month to a scheme to purchase tickets from secondary ticket market website StubHub with stolen credit cards.

According to the New York Post, Vadim Polyakov, plead guilty to charges of money laundering and possession of stolen property in Manhattan Supreme Court.

Prosecutors said that Polyakov, 32, and his alleged main accomplice Nikolay Matveychuk, used 3,500 stolen credit card accounts to purchase tickets on StubHub for events such as a Jay Z concert and Yankees games for resale.

Polyakov faces up to 12 years in prison in connection with the charges.

"Many foreign cybercriminals believe they can operate overseas with total impunity, but this case proves they can be held criminally responsible for their actions, which can have devastating consequences on thousands of victims at a time," said Manhattan District Attorney Cyrus Vance Jr. – Staff Writers