Wednesday, February 13, 2013

Here's the Plot for Your Next Big Credit-Card Scam Thriller

Yahoo! Finance: Many scam artists are looking for ways to get rich quick. 

Then there are the 18 people authorities said spent years meticulously creating fake credit cards, building up their credit scores and borrowing money they never repaid in what may be one of the nation's largest credit card fraud rings. 

The 18 were charged last week in what authorities said was a sprawling international scam in which at least $200 million was stolen using at least 7,000 identities and 25,000 credit cards. The enterprise spanned eight countries and 28 states, authorities said.

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