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Friday, February 08, 2013

Feds Charge 18 People With Ringing Up $200 Million In Fraudulent Credit Card Charges

Credit card fraud is nothing new — identity theft is common enough — but managing to make up enough identities to steal $200 million from credit card companies? That’s a staggering feat, and yet 18 people managed to pull it off. At least, until the U.S. Department of Justice managed to crack the case.

Federal prosecutors are calling the $200 million heist one of the largest credit card fraud schemes ever, as it spans 28 states and eight countries, notes ABC News.

“The defendants are part of a massive international fraud enterprise involving thousands of false identities, fraudulent identification documents, doctored credit reports and more than $200 million in confirmed losses,” FBI Special Agent James Simpson said in court records.


Anonymous said...

Before you know it they will competing with the government!

Anonymous said...

The largest ever is 9 billion the high up's in the military rung up on the taxpayers for vacations for the family, spas ,jewelry and the list goes on with no one ever charged.