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Released: February 06, 2013
18 charged in global credit card fraud
Source: Katie Zezima , Associated Press (NBC News)
Eighteen people were charged in what may be one of the nation's largest 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 elaborate scheme involved improving fake cardholders' credit scores, allowing the scammers to borrow more money that they never repaid, investigators said.
Read Full Article: 18 charged in global credit card fraud
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