T-Mobile Store Owner Made $25M Using Stolen Employee Credentials
Now-convicted phone dealer reset locked and blocked phones on various mobile networks.
![Image of phone and laptop to illustrate multifactor authentication Image of phone and laptop to illustrate multifactor authentication](https://eu-images.contentstack.com/v3/assets/blt6d90778a997de1cd/blt2e770611ab92c94d/64f17458705b0e42664ca741/password_Tero_Vesalainen_Alamy.jpg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
A Burbank, Calif., man was convicted on several counts related to a mobile phone scheme that made more than $25 million, according to the Department of Justice.
Law enforcement said Argishti Khudaverdyan owned a phone retailer and over the course of several years used stolen employee credentials of more than 50 different T-Mobile employees to "unlock" hundreds of thousands of phones on the networks of AT&T, Sprint, and T-Mobile.
"Removing the unlock allowed the phones to be sold on the black market and enabled T-Mobile customers to stop using T-Mobile’s services and thereby deprive T-Mobile of revenue generated from customers' service contracts and equipment installment plans," a statement on the insider attack conviction from the Department of Justice said.
The DoJ added Khudaverdyan used the more than $25 million he made from the illicit scheme to buy real estate, among other things.
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