Rochester Man Sentenced to 51 Months in Fraud Case Involving Bitcoin

Timothy Wadsworth, 35, of Rochester, New York, was sentenced to 51 months in prison after a conviction in fraud schemes with $2,059,893 in actual and intended losses. U.S. District Judge Frank P. Geraci, Jr. imposed the sentence Oct. 23 after Wadsworth was convicted of conspiracy to commit wire fraud and money laundering. Geraci ordered him to pay $810,965.19 in restitution and forfeit $810,956.19. The forfeiture represented proceeds from wire fraud. From March 10 to May 15, 2020, Wadsworth used credit-card numbers supplied by co-conspirators to attempt 310 payments through Stripe, totaling $1,673,578. The U.S. Attorney’s Office for the Western District of New York said cardholders had not authorized the payments. Of the attempts, 116 initially succeeded, totaling $730,728.22.

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