- Jan 11, 2011
- 2,007
The FBI has arrested 13 people and charged 18 for their role in a credit card fraud scheme which caused damages of at least $200 million (150 million EUR).
According to authorities, the suspects – aged between 31 and 74 – made up 7,000 fake identities which they used to obtain tens of thousands of credit cards.
They relied on sham companies, black-market businesses and even complicit organizations to achieve their goals. They also set up hundreds of bank accounts and over 1,800 “drop addresses” which they used as mailing addresses for the false identities they created.
Read more: http://news.softpedia.com/news/Credit-Card-Fraud-Scheme-7-000-Fake-Identities-200-Million-Stolen-18-Charged-327169.shtml