Friday, February 8, 2013
Hmmmm .........wonder what was the ethic background of the 18 fraudsters.
Katie Zezima writing at TheAssociatedPress:
....Eighteen people have been charged in what may be one of the largest U.S. credit card fraud rings, a sprawling international scam that duped credit rating agencies and used thousands of fake identities to steal at least $200 million, federal authorities said Tuesday.
The U.S. attorney in Newark, Paul Fishman, described an intricate Jersey City-based con that began in 2007, operated in at least 28 states and wired money to Pakistan, India, the United Arab Emirates, Canada, Romania, China and Japan.
The group used at least 7,000 fake identities to obtain more than 25,000 credit cards, Fishman said. Investigators documented $200 million in losses, but the figure could rise, he said......
......Authorities allege one man withdrew and wired $1.5 million from personal accounts despite not having a job. They allege another defendant was linked to 12 false identities, stole $2.5 million from 464 credit cards and received $18,000 from two sham companies.
Three jewelry stores within blocks of each other in a heavily Indian section of Jersey City were closed Tuesday, and their inventory was seized. All had signs advertising gold jewelry. Their metal security gates were shut, and they were guarded by FBI agents..........