Insiders Take Credit For Large Loss
May 14, 2009
Total Loss:
$9 Million
Two employees at a credit card services company have plead guilty to conspiring with fraudsters to increase credit limits by $50,000 on certain accounts. Once the thieves had the higher limits in place, the credit could be used at which point the fraudsters would disappear.
Source:
CBS3
Posted in:
Credit Card Fraud