A 21-year-old college student in Florida has been charged with conspiracy to commit computer and mail fraud and substantive mail fraud.
If convicted on all counts, Matthew Frederic Bergwall, 21, also known as ‘MXB,’ a student at the University of Miami, faces a maximum penalty of 45 years in federal prison.
According to the indictment, from December 2021 until April 2022, Bergwall gained unauthorized access to compromised employee accounts of a multi-national shipping, receiving, and supply chain management company.
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Bergwall and his co-conspirators used these accounts to enter fraudulent tracking information for merchandise transported by the shipping company on behalf of victim retailers located all over the country.
This allowed the co-conspirators to pursue full refunds from victim retailers while maintaining physical possession of the merchandise, such as high-end electronics, jewelry, designer clothing, and accessories.
Bergwall and his co-conspirators offered this service for sale, which was marketed as “FTID” (Fraudulent Tracking ID). Bergwall’s FTID fraud scheme caused nearly 10,000 fraudulent returns and resulted in at least $3.5 million in lost product and sales revenue to victim retailers.
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