(Newark, NJ) — Federal prosecutors are charging 18 people with operating a massive international credit card fraud ring. U.S. Attorney Paul Fishman announced the indictments at a news conference in Newark, New Jersey today. Fishman said the scheme spanned 28 states and eight other countries.
The FBI made arrests and executed search warrants in New Jersey, New York, Pennsylvania and Connecticut. The ring allegedly created thousands of phony identities to create false credit cards.
Prosecutors say the cards were then used to steal least 200-million dollars in cash and merchandise.
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