Forbes 30 under 30 inductee charged with fraud in the same week

Chicago rapper G Herbo, along with five other men, has been indicted for allegedly using stolen credit card information to fund various luxury services, including private jets, exotic car rentals, and vacations. The indictment, issued by a grand jury in U.S. District Court in Massachusetts on October 15, was unsealed recently. G Herbo, whose real name is Herbert Wright III, faces charges alongside Antonio Strong, Joseph Williams, Stephen Hayes Jr., Demario Sorrells, and Terrence Bender. The group reportedly obtained credit card details from the dark web and co-conspirators, using them to make unauthorized transactions for luxury accommodations, designer puppies, and other high-end services. The indictment states that the transactions were processed successfully, but the legitimate cardholders disputed the charges, leading to reversals and financial losses for the merchants involved. The defendants are charged with wire fraud, conspiracy to commit wire fraud, and aggravated identity theft. Notably, G Herbo was recently recognized in Forbes' "30 Under 30" list, highlighting young leaders and entrepreneurs.

- G Herbo and five others are indicted for using stolen credit card information.

- Charges include wire fraud, conspiracy to commit wire fraud, and aggravated identity theft.

- The group allegedly used stolen information for luxury services and products.

- Transactions were processed successfully but later disputed by cardholders.

- G Herbo was recently featured in Forbes' "30 Under 30" list.