13 arrested for one of the largest-ever credit card fraud schemes
On Monday, federal authorities arrested 13 people in conjunction with an enormous international credit card fraud scheme, filled with fake identities, altered credit reports and other forms of intrigue.
February 05, 2013 at 06:07 AM
3 minute read
The original version of this story was published on Law.com
On Monday, federal authorities arrested 13 people in conjunction with an enormous international credit card fraud scheme, filled with fake identities, altered credit reports and other forms of intrigue.
According to authorities, the scheme is one of the largest credit card fraud cases ever brought by the Department of Justice, involving eight countries and 28 states, and scamming financial institutions out of more than $200 million. Federal prosecutors filed a criminal complaint in New Jersey.
The defendants, who include five people not currently in custody, allegedly formed fake businesses just to get credit card terminals and use the money on things like gold, spa treatments and fancy cars. They are accused of making up fictional people to add as users on the credit cards, and conspiring with a credit repair company to improve credit scores using fake lines of credit.
Read more at the Wall Street Journal.
For more InsideCounsel coverage of credit card-related lawsuits, see below:
Credit card companies go to trial over arbitration agreement
Retailers appeal $7.2 billion Visa/MasterCard settlement
Shell wins suit over credit card numbers on receipts
Antitrust case against Citigroup and Discover moves forward
On Monday, federal authorities arrested 13 people in conjunction with an enormous international credit card fraud scheme, filled with fake identities, altered credit reports and other forms of intrigue.
According to authorities, the scheme is one of the largest credit card fraud cases ever brought by the Department of Justice, involving eight countries and 28 states, and scamming financial institutions out of more than $200 million. Federal prosecutors filed a criminal complaint in New Jersey.
The defendants, who include five people not currently in custody, allegedly formed fake businesses just to get credit card terminals and use the money on things like gold, spa treatments and fancy cars. They are accused of making up fictional people to add as users on the credit cards, and conspiring with a credit repair company to improve credit scores using fake lines of credit.
Read more at the Wall Street Journal.
For more InsideCounsel coverage of credit card-related lawsuits, see below:
Credit card companies go to trial over arbitration agreement
Retailers appeal $7.2 billion Visa/MasterCard settlement
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Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
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Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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