Credit Card Fraud

Financial Fraud: Four Persons Arrested Credit Card Bust-Out Scheme

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 fraudulently charged nearly $2 million in less than a year to credit cards often opened with “synthetic identities.” Gayane Hakobyan, 69, of Hollywood Hills, was taken into custody this morning and is expected to be arraigned on the indictment this afternoon in United States District ... Read more

Financial Fraud: Jason McDonald Sentenced For Bank Loans And Retail Store Credit Cards Or Lines Of Credit Fraud

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 credit, has been sentenced to 39 months in federal prison, announced United States Attorney Stephen G. Dambruch, Stephen Marks, Special Agent in Charge of the United States Secret Service, Scott E. Antolik, Special Agent in Charge of the Boston Field Office of the Social Security ... Read more

Financial Fraud: Five Defendants Charged With Scheme to Steal Victims Credit Cards And Defraud Them

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 of their most vital and sensitive correspondence, like the new credit cards in this case,” said U. S. Attorney John Horn.  “By exploiting the airport’s baggage loading processes, these defendants were able to plunder mail bags and steal new credit cards on their way to ... Read more

Fiancial Fraud: Hussain Abdullah Sentenced For Conspiracy to Commit Wire Fraud, And Aggravated Identity Theft

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 Contact ELIZABETH MORSE (410) 209-4885 Greenbelt, Maryland – On June 23, 2017, U.S. District Judge George J. Hazel sentenced Hussain Abdullah, age 39 of Forestville, Maryland, to 60 months in prison, followed by 3 years supervised release, for conspiracy to commit wire fraud, aggravated identity theft, and being a felon in possession of a firearm, related to a scheme to use victims’ stolen identity information ... Read more

Identity Theft: Craig Alexander Sentenced For Credit Card Fraud and Aggravated Identity Theft

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 in Utica, New York and at the Turning Stone Resort and Casino in Verona, New York. The announcement was made by United States Attorney Richard S. Hartunian and Resident Agent in Charge Tim Kirk of the Syracuse Office of the United States Secret Service. “Identity ... Read more

2 Cases of Credit Card Fraud

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. Credit Card Fraud Thе earlier case led tо federal criminal charges аgаіnѕt Noslen Guerra аnd Julio Simon, а pair оf Cuban nationals frоm Florida. Court documents link thе pair tо $71,000 іn illegal purchases іn Bowling Green аnd elsewhere. Guerra, whо wаѕ arrested wіth Simon ... Read more

New Credit Cards Its Not Safe 100%

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 security, the FBI is warning law enforcement, merchants, and the general public that no one technology eliminates fraud and cybercriminals will continue to look for opportunities to steal payment information. What is an EMV credit card? The small gold chip found in many credit cards ... Read more

Internet Fraud – Tips And Descriptions

  Tips for Avoiding Internet Auction Fraud: Internet Fraud – Tips And Descriptions 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 possible about the seller, especially if the only information you have is an e-mail address. If it is a business, check the Better Business Bureau where the seller/business is located. Examine the feedback on the seller. Determine what method ... Read more

Credit Card Fraud: Avoid When Paying Online

  Credit Card Fraud 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 the credit card and account details. It affects not only the card holders, but the merchants as well. Each year, hundreds of millions of dollars are lost to fraud. As well as business, for example: some people may shy away to charging ... Read more

Credit Card Fraud: How To Prevent?

Credit Card Fraud Prevention Credit card fraud has recently grown at an alarming rate around the globe, with online transactions accounting for a high percentage of fraudulent purchases. In fact, online credit card fraud is expected to increase to an estimated $190 billion by 2014, according to financial experts. This is a worrying statistic considering the detailed research and efforts from major credit card companies such Visa, and MasterCard to prevent this fraud. Credit card fraud is typically defined as the purchasing of a product or service from personnel not connected or associated with the specific credit card making the ... Read more

Different Types of Credit Card Fraud

  Credit Card Fraud Credit card fraud is one of the biggest loss concerns in a bank. The frauds are usually performed by a group of people either using counterfeit credit cards to cheat unsuspecting merchants or in collaboration with the merchants to cheat the banks. This group of people who performed fraud is known as fraud syndicates. Types of frauds There are many types of frauds that have identified by the banks. To ease the efforts of fighting fraud, they are classified into various categories by their natures 1. Counterfeit cards Counterfeit credit card transactions are one of the ... Read more