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.

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