Identity Theft Crime News for June 2010
Saturday, 24 July 2010
Florida FBI Sting Topples Identity Theft Ring
The FBI field office out of Palm Beach County Florida has just wrapped up a months long investigation that netted them eight arrests. Undercover agents posing as buyers were able to purchase 32 fake drivers licenses, birth certificates and social security cards for some $27,000 after making their selection from a list of over 100 identity theft victims.
The ruse had the agents posing as buyers who intended to use the false documents to obtain loans in other people names. It was also learned during the investigation that the identity theft ring worked with a hacker who had provided them with some 2,700 ATM codes and matching passwords and that they had been using to access and drain accounts.
NY Grand Jury Indicts Five in Identity Theft Plot
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A federal grand jury out of Buffalo New York has handed down a four count indictment charging five people with conspiracy to commit bank fraud. Charged were Rungen Huang, Jia Ming Huang, Chang Keng Zheng, Zhen Qiang Liang and Siu S Cheng. All of them lived in Florida and New York.
The groups method of operation was to obtain stolen credit card and debit account numbers then use that information to manufacture counterfeit debit and credit cards. It was determined through the course of the investigation that over a six month period running between last July and December, the group had drained accounts of some $510,000 using ATM machines in area casinos.
