Police may have caught the LA Venmo scammer


Police have arrested a man named Andy Mai in connection with a string of Venmo scams against LA-area resellers, according to Los Angeles County Superior Court records. Andy Mai faces six charges of grand theft, filed on January 25th. On Wednesday, Mai posted a $145,000 bond, pleading not guilty to all charges. He is next scheduled to appear in court on February 26th. Detectives on the case said the investigation was still ongoing, and declined to comment further.

In November, The Verge traced more than $125,000 in scams perpetrated under the name Andy Mai, exploiting a poorly understood feature of Venmo’s payment system. Arranging to buy iPhones, cameras, and other big-ticket items on Venmo, the scammer would pay with fraudulent funds...

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via The Verge - Tech Posts "http://ift.tt/2GZB9Hk"

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