The year is 2025. While digital payment technology has made leaps and bounds in convenience and security, credit and debit card fraud remains a persistent threat, evolving alongside these advancements. Fraudsters are becoming more sophisticated, employing advanced tactics and exploiting vulnerabilities in the ever-expanding digital financial ecosystem. This article delves into the landscape of credit
Fourth Defendant Arrested in Credit Card ‘Bust-Out’ Scheme that Spent $2 Million on Luxury Watches, Liquor, Cars and Cemetery Plots LOS ANGELES – With the surrender this morning of the final defendant, federal authorities have taken into custody four people named in a grand jury indictment that alleges a “bust-out” scheme in which the defendants
Financial Fraud: Four Persons Arrested Credit Card Bust-Out Scheme Read More »
New York Man Sentenced in ID Theft, Fraud Investigations PROVIDENCE, RI – A third person charged in federal court in Rhode Island in a series of on-going investigations into individuals who are stealing personal identifying information of others and using that information to apply for bank loans and retail store credit cards or lines of
Five members of credit card theft ring plead guilty ATLANTA – Treveyon Herring, one of five defendants charged with stealing credit cards from the baggage loading areas of Hartsfield-Jackson International Airport and a private mail sorting facility, has pleaded guilty to wire fraud conspiracy. “Americans depend on the United States mail system to carry some
Leader Of Fraudulent Credit Card Scheme Sentenced To Five Years In Prison Used the Personal Information of Victims to Fraudulently Obtain Credit, With Losses of More Than $225,000 June 23, 2017 FOR IMMEDIATE RELEASE www.justice.gov/usao/md Contact ELIZABETH MORSE (410) 209-4885 Greenbelt, Maryland – On June 23, 2017, U.S. District Judge George J. Hazel sentenced Hussain
Brooklyn Man Sentenced For Credit Card Fraud and Aggravated Identity Theft Used Another Man’s Driver’s License to Commit Credit Card Fraud in the Utica Area SYRACUSE, NEW YORK –Craig Alexander, 31, of Brooklyn, was sentenced today to serve 64 months in prison for committing credit card fraud and aggravated identity theft in September of 2014
Twо people wіth nо apparent ties tо thе community, suspected оf buying thousands оf dollars іn gift cards using stolen credit card information, hаd thеіr alleged criminal activity соmе tо аn еnd оutѕіdе Sam’s Club оn Ken Bale Boulevard – thаt describes twо unrelated investigations thаt occurred 10 months араrt thіѕ year іn Bowling Green.
NEW MICROCHIP-ENABLED CREDIT CARDS MAY STILL BE VULNERABLE TO EXPLOITATION BY FRAUDSTERS By October 2015, many U.S. banks will have replaced hundreds of millions of traditional credit and debit cards, which rely on data stored on magnetic strips, with new payment cards containing a microchip known as an EMV chip. While EMV cards offer enhanced
Tips for Avoiding Internet Auction Fraud: Understand as much as possible about how the auction works, what your obligations are as a buyer, and what the seller’s obligations are before you bid. Find out what actions the website/company takes if a problem occurs and consider insuring the transaction and shipment. Learn as much as
Credit Card Internet Fraud is one of the most common crimes in cyber space today. It can be as simple as being charged for a dollar online purchase and then the merchant using the card to charge other purchases. This is much easier for a thief than the old fashioned way of actually stealing
