Bollcoin, October 26 — According to an announcement from the U.S. Attorney's Office for the Western District of New York, 35-year-old New York resident Timothy Wadsworth was sentenced to 51 months in federal prison and ordered to pay $811,000 in restitution for conspiring to commit wire fraud and money laundering. Between March and May 2020, he used unauthorized credit card account numbers provided by co-conspirators to attempt to process 310 payments totaling approximately $1.67 million through Stripe, of which 116 succeeded, amounting to $730,000. The funds were transferred into bank accounts he controlled and then moved to Coinbase to buy Bitcoin, which was sent to co-conspirators. The case also involved fraudulent pandemic-era applications for PPP loans and EIDL loans, unemployment benefits and romance scams, with total losses of approximately $2.06 million.