Feds: 18 charged in $200M global credit card fraud

 
By KATIE ZEZIMA | Published: February 6, 2013   

Eighteen people have been charged in what may be one of the nation's largest credit card fraud rings, a sprawling international scam that duped credit rating agencies and used thousands of fake identities to steal at least $200 million, federal authorities said Tuesday.

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The elaborate scheme involved improving fake cardholders' credit scores, allowing the scammers to borrow more money that they never repaid, investigators said.

“The accused availed...
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