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Magnolia, Texas News

Magnolia Resident Pleads Guilty to Possessing Stolen Credentials for Online Fraud

A 31-year-old Magnolia resident, Sanel Bulic, has pleaded guilty to charges of possessing stolen credentials with the intent to defraud, according to U.S. Attorney Alamdar S. Hamdani.

Bulic confessed to having approximately 68 stolen credentials, which he purchased from an online marketplace on the dark web. These unauthorized access devices contained login information, including usernames and passwords, for various online accounts belonging to individuals. Services affected included Amazon, Chase, Facebook, Netflix, Paypal, Wells Fargo, and more.

U.S. District Judge Alfred Bennett accepted Bulic's plea, scheduling the sentencing for March 7, 2024. If convicted, Bulic could face up to 10 years in federal prison and a maximum fine of $250,000. Pending sentencing, he will remain in custody.

The FBI conducted the investigation into this case.

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