Six indicted in Colorado on bank fraud charges
July 12, 2010
Total Loss:
$65,000
A national bank fraud ring, originally based in California, has been broken up in Colorado after a state grand jury indicted six of the members, A national bank fraud ring, originally based in California, has been broken up in Colorado after a state grand jury indicted six of the members. The indictment alleges that the ring made fake credit cards and obtained a 1-800 number, which was printed on the back of the card. When cashiers at the bank or sales people at the stores were unable to authenticate the fake credit cards, they would call the 800 number, which rang to other members of the ring and the losses exceeded $65,000.
Source:
The Denver Post; By Howard Pankratz
Posted in:
Credit Card Fraud