Credit Card News
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Other » Gang members in card fraud arrested

Gang members in card fraud arrested

By
Add to Favorites:
Gang members in card fraud arrested

The Guardia authorities have recently caught gang members operating internationally with their recurring illegal credit card activities. Guardia authorities were quick to point out that the gang had long created plans they enacted in massive credit card frauds. Their targets are businesses and charities or beneficiaries. In their latest illegal activity, the gang took money amounting to $2.5 million by falsifying checks they issued to businesses and charities in their varied transactions.


Guardia authorities said that the gang members have had their ways of acquiring credit card number and other important banking information from the different connections they deceptively forged at one point in their operations.


A number of individuals and their organizations, their charity and company associations are the ones deceived by the gang members when they illegally extract vital banking or credit card account information. Imitating signatures from various documents also allowed the gang members to enter into contracts they breached later on since they know that it is the identities of the other individuals at stake.


Authorities continue to warn the public especially individual cardholders and charities at the moment to be watchful and regularly check their credit card accounts from now on.


At the Gurdia Fraud Bureau, the three gang members are arrested including a couple of males and one female. Their victims in their scams include Des Smyth Drogheda Youth, Gary Kelly Cancer Support Centre, and Marie Keating Foundation. A total of $160,000 had been recovered for the Marie Keating Foundation. Overall, authorities reclaimed the $2.5 million dollars the gang members sought to get away with.


The authorities confirm that two more members are on the loose and investigations are ongoing for possible charges against them. The remaining gang members still searched by the police have around $300,000 dollars with them.


Detectives at the Guardia Fraud Bureau are intensifying their raids, search and rescue operations as they also confirmed that the two more gang members not arrested do have with them the equipment from the Drogheda and Galway which makes for a successful bogus credit card scheme.


The technology they have allows them to manufacture exactly similar credit cards and copy their contents or vital information from one card to the other.


The authorities are confident that the two more gang members will be arrested as soon as possible and that the criminal charges the gang members will face will be serious enough upon proper review.

Add to Favorites:

Related News:

Talking About Money Equals Happiness

By Dar Dowling, Posted: September 23, 2016

Love and money are the two biggies in life and relationships, and now, according to a new study by TD Bank, couples who talk about money have a higher happiness factor than those that don't. Continue reading
Credit Card Limits Up, Up and Away

By Dar Dowling, Posted: September 22, 2016

Credit card limits had an upswing during the first six months of this year, according to a new study by Experian, with credit card limits in both the subprime and deep subprime credit range equaling $6.4 billion – the largest amount in the ... Continue reading
Students Looking to Sharpen Financial Skills

By Dar Dowling, Posted: September 21, 2016

School days are upon us and financial literacy is on students'minds, according to the U.S. Bank Student and Personal Finance Study. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
For Excellent/Good Credit
1% cash back on select purchases, terms apply
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit