Home Case Studies Organized Fraud Ring Obtained Credit Cards, Increased Credit Limits with Fake Identities Stealing $200 Million
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Organized Fraud Ring Obtained Credit Cards, Increased Credit Limits with Fake Identities Stealing $200 Million

Eighteen members of a sophisticated fraud ring operating out of New Jersey were arrested in early February for their massive scam creating thousands of fake identities, obtaining credit and increasing credit limits for the fake identities, and then cashing in with a bust-out attack. The Department of Justice has documented $200 million in losses and continues to investigate.

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