While we haven't formally tested smart wallets in the Media & Tech Lab, the picks ahead are best-sellers from top-rated brands that impressed our experts with their unique features and designs. To choose the best smart wallets, our pros researched top-rated models on the market and assessed each one for criteria such as performance, durability, materials and design. Smart wallets are also useful for their RFID blocking capabilities, which help protect personal and financial information stored on your credit cards by helping to prevent thieves from accessing that information.Īt the Good Housekeeping Institute, our tech and travel experts test gadgets ranging from luggage trackers to smart luggage and key finders. Most smart wallets have built-in layers and slots not only to store multiple credit cards but to safely place a tracking device that can help you find your wallet should you misplace it. A smart wallet might help you avoid this scenario by making a lost wallet easier to track down. The case was prosecuted by Assistant United States Attorney Marie Dalton.The thought of losing your wallet along with precious credit cards, cash and important IDs is enough to cause anyone to panic. The case was investigated by the United States Secret Service and the Kirkland Police Department. He was ordered to pay $623,554 in restitution. Following his prison term, Laws will be on supervised release for 5 years. On January 31, 2020, Laws pleaded guilty to Conspiracy to Commit Bank Fraud and Aggravated Identity Theft.
Even after being sentenced to serve jail time on the weekends in Georgia, he was undeterred and continued to commit fraud across the country. Laws also purchased at least $166,000 in bitcoin during the time period from February 2017 until November 2017, buying the bulk of this bitcoin-$93,000-in a single day, on August 23, 2017.ĭespite an arrest in October 2017, Laws continued his fraud spree. He purchased diamond jewelry including a diamond encrusted pendant in the shape of a bitcoin symbol. Laws used the stolen credit card information to purchase a Rolex for more than $34,000. Nevertheless, Laws profited the most from the scheme – as much as $500,000. In many instances, Laws sent coconspirators into the stores to make the purchases in order to avoid detection.
The information was loaded onto digital wallets on prepaid phones and was quickly used for fraudulent purchases of electronics, jewelry and other items that could be sold for cash or bitcoin. But ultimately law enforcement stopped him in his tracks.”Īccording to records filed in the case, Laws purchased credit card information from so-called ‘carding websites’ on the dark web. “At all phases-from accessing the dark web, to loading stolen data onto digital wallets, to acquiring prepaid anonymous phones, to adopting aliases, to laundering money through anonymous cryptocurrency accounts-his operation was sophisticated and difficult to detect. “Motivated by greed, this defendant attempted to use digital advances to hide his old-fashioned fraud,” said Acting U.S. Lasnik said Laws “had a very complicated criminal enterprise and nothing seemed to deter him.” Laws had a sophisticated scheme, recruiting others, and using digital wallets, bitcoin and burner phones to try to avoid detection. Between February 2017 and December 2018, Aaron Laws, 33, of Atlanta, Georgia, traveled through Washington, Oregon, New Mexico, Oklahoma, Massachusetts, Arizona, Georgia, and Minnesota making fraudulent charges on victim credit cards. District Court in Seattle to 3 years in prison, announced Acting U.S.
Seattle – A prolific identity thief who traveled the country using fraud to buy luxury goods and items he could convert to cash and bitcoin, was sentenced today in U.S.
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