Huffpost Business

Credit Card Fraud Ring: U.S. Charges 18 People In Massive Fake Identity Scheme

Posted: Updated:
CREDIT CARD FRAUD RING
AP
Print


NEW YORK, Feb 5 (Reuters) - U.S. prosecutors on Tuesday charged 18 people with fraud for allegedly creating and using thousands of fake identities to ring up hundreds of millions of dollars in credit card purchases.

The 18 people were the ringleaders of a massive credit card fraud scheme that lasted nearly 10 years, according to a criminal complaint.

The Federal Bureau of Investigation was in the processing of making arrests on Tuesday morning. The 18 people were located in New York, New Jersey, Pennsylvania and Connecticut.

"The arrests today are the result of an investigation into a sophisticated, organized group that operated internationally and in the United States," said an FBI spokeswoman in New Jersey.

"This elaborate scheme involved the creation of thousands of fraudulent identities and bank accounts," she added.

According to the criminal complaint filed in New Jersey, profits from the scheme "supported a massive network of co-conspirators," some located in Pakistan, India, Canada, the United Arab Emirates, China, Romania and Japan.

The complaint does not include any names of credit card companies defrauded in the scam.

Also on HuffPost:

Close
Ten Common Money Scams
of
Share
Tweet
Advertisement
Share this
close
Current Slide

Suggest a correction

Around the Web

18 charged in $200 million credit card fraud ring

DC man who ran fraud ring from Rockville sentenced to nine years

Fraud ring charged with stealing more than $60000