Petar Petrov, 42, a citizen of Bulgaria who lives in Mississauga, Ontario, has pleaded guilty to conspiracy to possess and use counterfeit access devices with intent to defraud, U.S. Attorney William J. Hochul, Jr. announced today.
Petrov was arrested Sept. 2, 2013, when he tried to cross into the United States from Canada at the Lewiston-Queenston Bridge while carrying 10 counterfeit access devices – gift cards that had been altered. These cards had real credit card numbers embedded in the magnetic strips on the back of the cards.
Petrov and a co-conspirator, Evgeniy Bandarmiliev, had placed “skimming devices” on ATMs in Canada and taken down people’s account information. Petrov had also placed a camera to record people entering their pins, then put the account information on the magnetic strips of various gift cards.
Petrov used multiple counterfeit access devices in Buffalo between July-September 2013.
As a result of his scheme, the Royal Bank of Canada and the Imperial Bank of Canada suffered losses that totaled more than $80,000.
Petrov faces a maximum of five years in prison and a fine of $250,000.