Feds: Philly Woman Central To Major NJ Credit Card Scam - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

Feds: Philly Woman Central To Major NJ Credit Card Scam

Posted: Updated:
Federal investigators and local police stand outside a Jersey City business Tuesday. Federal investigators and local police stand outside a Jersey City business Tuesday.
NEWARK, N.J. -

A Philadelphia woman has been busted in the middle of a massive credit card scam.

FBI agents and local police surrounded one of three jewelry stores in Jersey City that investigators say were involved in an international crime ring.

All three stores have since been shut down by federal agents, with the inventory inside confiscated as evidence.

Investigators say they've filed criminal charges against 18 people for their leadership in one of the largest credit card frauds ever uncovered by the Department of Justice.

The U.S. Attorney in Newark, New Jersey says the defendants used fake identities and fake addresses for utility bills to get credit cards. The defendants would then allegedly pay off the cards to boost credit limits, according to investigators.

Agents say the defendants would take out a loan or max out the credit card and then not repay the debt.

The feds say they also crated 80 sham businesses to accept fraudulent credit card payments.

The defendants allegedly obtained more than 25,000 credit cards by fraudulent means and used more than 7,000 false identities. Investigators say the losses caused are at least $2 million, an amount that is considered to be a conservative estimate.

  • Local NewsMore>>

  • How Young Is Too Young To Fly Alone?

    How Young Is Too Young To Fly Alone?

    Monday, September 1 2014 10:43 AM EDT2014-09-01 14:43:52 GMT

    Would you let your child fly alone? If that answer is "yes," big changes may be on the way for American Airlines. See why you could be paying big bucks for your child's next trip.

    Would you let your child fly alone? If that answer is "yes," big changes may be on the way for American Airlines. See why you could be paying big bucks for your child's next trip.

  • Roxborough Fire Destroys Family-Owned Dry-Cleaning Business

    Roxborough Fire Destroys Family-Owned Dry-Cleaning Business

    Monday, September 1 2014 8:39 AM EDT2014-09-01 12:39:24 GMT

    A fire destroys a family-owned business early Monday morning in the Roxborough section of the city.

    A fire destroys a family-owned business early Monday morning in the Roxborough section of the city.

  • Revel Hotel Casino Begins 2-Day Shutdown

    Revel Hotel Casino Begins 2-Day Shutdown

    Monday, September 1 2014 8:15 AM EDT2014-09-01 12:15:23 GMT

    It is the beginning of the end for Atlantic City's Revel Hotel and Casino. The hotel shuts down Monday morning, and early Tuesday the casino will follow.

    It is the beginning of the end for Atlantic City's Revel Hotel and Casino. The hotel shuts down Monday morning, and early Tuesday the casino will follow.


Powered by WorldNow

KTBC FOX 7
119 East 10th Street
Austin, TX 78701

Phone: (512) 476-7777
Fax: (512) 495-7001

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices