Credit Card Fraud Scheme: 7,000 Fake Identities, $200 Million Stolen, 18 Charged

Status
Not open for further replies.

Fiery

Level 1
Thread author
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
 
Status
Not open for further replies.

About us

  • MalwareTips is a community-driven platform providing the latest information and resources on malware and cyber threats. Our team of experienced professionals and passionate volunteers work to keep the internet safe and secure. We provide accurate, up-to-date information and strive to build a strong and supportive community dedicated to cybersecurity.

User Menu

Follow us

Follow us on Facebook or Twitter to know first about the latest cybersecurity incidents and malware threats.

Top