fraud
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Two Men Arrested for Opening 7,000 Credit Cards and Fraudulently Earning 790M Points
A grand jury has indicted two men, one from Ocean County, New Jersey, and the other from Utah, with carrying out a fraudulent scheme to obtain credit cards in the names of third parties, make purchases on the cards to generate rewards points, monetize the points, and cancel the purchases.
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Tougher To Buy Gift Cards? Blame Those New Chip Credit Cards
It has been getting harder and hardet his year to liquidate gift cards, but it’s also getting harder to buy gift cards at many merchants. The main reason for the latter is those new credit and debit cards we received, with that shiny chip that is supposed to keep us safe. More merchants are requiring…
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Street Gangs Enter the Gift Card & Money Order Game
That person in front of you, buying money orders at Walmart, might be a gang member. Well maybe not, but it looks like local gangs are getting involved in the hobby, but in more illegal ways, which only makes things harder for everyone else. The Van Dyke Money Gang in New York made off with…
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Theft of Debit-Card Data From ATMs Soars in 2015
Criminals are stealing card data from U.S. automated teller machines at the highest rate in two decades, preying on ATM users at independently owned cash kiosks and even at bank ATMs. From January to April 9, 2015, the number of attacks on debit cards used at ATMs reached the highest level for that period in…
