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Massive Credit Card Fraud Ring Cracked Today

One of the largest ever credit card fraud ring schemes was uncovered today by the U.S. Justice Department. The international credit fraud ring spread to 28 states and eight countries racking up more than $200 million in fraudulent charges that were used to purchase luxury cars, gold, and other expensive items.

False identiies were used to create profiles with major credit bureaus as early as 2003, and since then, the ring has created more than 7,000 false identities to obtain more than 25,000 credit cards.

Read more on this story on USA Today

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