Man accused of stealing $180,000 in Xbox, PS3 scheme

DENVER – A 27-year-old Boulder man is accused of buying new Xbox 360 and PlayStation 3 consoles, taking off the serial numbers and putting them on older equipment and then returning them to get the money.

The U.S. Attorney’s office says Yewchoo Ng stole more than $180,000 from Target, Amazon, Buy.com, Best Buy, Circuit City, Sears and Wal-Mart.

The U.S. Attorney’s office says Ng would put the older, inoperable equipment in the boxes of the new equipment before returning it to the store for a full refund on several different credit cards and store-issued gift cards.

He would then sell the new video game consoles on eBay or other online shopping Web sites.

Ng is charged with one count of mail fraud and if convicted he faces up to 20 years in prison, a fine of up to $250,000, plus restitution.

Read the whole article @ 9News

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