Two men charged in $3 million online gambling fraud scheme involving stolen identities

As detailed in Bleeping Computer, two Connecticut men, Amitoj Kapoor and Siddharth Lillaney, both 29, face federal charges for allegedly defrauding online gambling platforms, including FanDuel, of approximately $3 million over several years. The scheme involved the use of stolen personally identifying information from thousands of victims.

The indictment alleges that Kapoor and Lillaney purchased stolen identities from darknet markets and Telegram. They then reportedly used this information, along with data obtained from background-check services, to create thousands of fraudulent accounts on gambling sites between April 2021 and 2026. The defendants allegedly exploited new user promotional bonuses by making initial deposits and bets. When bets placed with promotional credits won, they transferred winnings to virtual stored-value cards and subsequently moved the funds to their own bank and investment accounts, authorities said. Kapoor reportedly used a spreadsheet to organize the stolen data, including names, dates of birth, addresses, and Social Security numbers.

Source: Bleeping Computer