https://www.vice.com/en_us/article/k7e8xx/sim-swapping-indictments-pile-up-as-congress-begs-the-fcc-to-do-more

Back in 2018 cryptocurrency investor Michael Terpin filed a $224 million lawsuit against AT&T, claiming the mobile carrier failed to protect his account from hackers that stole his phone number—then made off with his identity and $23 million in cryptocurrency. This week a New York grand jury unsealed an indictment against the alleged perpetrator of the scam, 22-year-old Nicholas Truglia. The indictment charges Nicholas Truglia and up to 25 additional unnamed co-conspirators with several counts of wire fraud and money laundering. Truglia was arrested in late 2018 for a seperate SIM hijacking scam.

Terpin won a $75.8 million civil judgment against Tuglia last year. Both the civil lawsuit and related affidavits by associates highlight how the unemployed Truglia repeatedly flaunted the wealth gleaned from this and other scams, bragging about his $6,000 per month New York apartment, $100,000 Rolex, and plans to buy a $250,000 McLaren. The affidavit also highlights how Tuglia, who claimed to have been subsequently tortured by "friends" trying to steal his ill-gotten gains, used Twitter to brag about the $24 million scam under a different name.