Follow-up: Two men who stole bank info from Michaels customers headed to federal prison

Kristin J. Bender reports:

Two men could spend the rest of their lives in federal prison after they pleaded guilty Wednesday to helping set up phony debit card pads in a popular craft store to steal customers’ bank account and credit card numbers.

Edward Arakelyan, 21, and Arman Vardanyan, 22, both of Southern California, each pleaded guilty to one count of conspiracy to commit bank fraud, one count of bank fraud, and one count of aggravated identity theft. The charges were filed in U.S. District Court in Oakland.

In 2011, officials said the two men helped steal 94,000 debit and credit card account numbers from people who bought items at 84 Michaels Stores nationwide, including those in the Bay Area.

Read more on Marin Independent Journal.

So now we have a number of victims – 94,000.

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