PayPal Fraud
3:06 pm
Sat April 28, 2012

N.O. man arrested on identify theft, fraud charges

A New Orleans man has been arrested on fraud and identity theft charges for allegedly engaging in a scheme to defraud the PayPal online payments service.

Federal prosecutors said Friday's arrest of 28-year-old Giray Biyikioglu, a Turkish national who lives in New Orleans, follows a Secret Service probe.

Prosecutors said Biyikioglu illegally used somebody else's identity and conducted transactions of up to $190,000 as part of his alleged scheme to defraud.

No additional details about the case were immediately disclosed.

He faces a maximum sentence of 20 years in prison if he's convicted of a wire fraud charge and a mandatory term of two years in prison if he's convicted of an aggravated identity theft charge.

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