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Toronto organized crime ring busted

March 3, 2011
Total Loss: $2 million

Eight people in the Greater Toronto Area were arrested Tuesday as suspected members of an organized crime ring involved in manufacturing counterfeit credit cards, tampering with ATM terminals, personal identity theft and smuggling illegal immigrants into Canada. Cops estimate that the fraud ring was responsible for several million dollars in losses to various financial institutions.

Source: The Vancouverite
Posted in: Credit Card Fraud Account Takeover Identity Theft Debit Card Fraud