Leader of StubHub Hackers Gets as Long as 12 Years in Prison

  • Vadim Polyakov was among 6 charged with stealing personal data
  • He pleaded guilty to money laundering, having stolen property

The ringleader of a hacking scheme that targeted EBay Inc.’s online ticket exchange StubHub was sentenced to as long as 12 years behind bars, Manhattan District Attorney Cyrus Vance Jr. said.

Vadim Polyakov, 32, was one of six men indicted in July 2014 on charges related to the ring, which stole personal data online and then used the information to buy tickets for concerts, sporting events and Broadway shows and sold them.

Polyakov pleaded guilty last month to money laundering and criminal possession of stolen property, Vance said in a statement. He was sentenced Wednesday to four to 12 years in New York state prison.

According to prosecutors, Polyakov and his cohorts used credit card and bank information stolen from StubHub customers to buy more than 3,500 tickets events including New York Yankees baseball games and concerts by Justin Timberlake, Elton John and Jay-Z.

The arrests followed a report from New York Attorney General Eric Schneiderman that security breaches exposing customers’ personal information are growing and cost state businesses $1.37 billion last year.

StubHub, based in San Francisco, was defrauded of more than $1 million, according to Vance. The company didn’t immediately respond to an e-mail seeking comment on Polyakov’s sentence.

The case is New York v. Polyakov, 03200/2014, New York State Supreme Court, New York County (Manhattan).

Related ticker:
EBAY US (EBay Inc.)

Before it's here, it's on the Bloomberg Terminal.