Group of 10 Makes More than $1.5M from ID Theft Ring Gets Jail Time

Ten people from Florida and other states have been convicted and sentenced for their roles in a money laundering ring that included identity theft and credit card fraud, netting more than $1.5 million in profits.

Among the expenses charged on fraudulently obtained credit cards, the US Attorney’s Office said: a Rolex watch valued at $14,065; spa services and other items at Acqualina Resort and Spa in Sunny Isles Beach that cost $1,299; and eye surgery totaling about $5,000.

In April 2018, the 10 involved were indicted on federal charges including conspiracy to commit access device fraud, producing, using, and trafficking in counterfeit access devices and aggravated identity theft… Miami Herald

Stay up-to-date with our free email newsletter

The trusted newsletter for loss prevention professionals, security and retail management. Get the latest news, best practices, technology updates, management tips, career opportunities and more.

No, thank you.

View our privacy policy.

Exit mobile version