Posted on 05/27/2004 9:37:48 AM PDT by TigerLikesRooster
Police Bust International 'Anti-American' Credit Card Forging
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| Police arrested overseas credit card counterfeiters and confiscated stolen credit cards of credit defaulters. | |
Police arrested a gang of credit card swindlers who have fed invalid credit cards with card information of Americans and used them. This case proves that card information flows out across borders and if you have only the card information, credit cards can be forged just like cash and used freely. The credit card swindle involved criminal rings of three countries: A Korean credit card forging band; Russian credit card information dealers and American credit card information leakers.
The arrested Korean credit card forgers were introduced to Russians, self-assumed “anti-Americans,” by another domestic credit card counterfeiting group, paying W50 million in commission. According to the police, the Russians and Korean card forgers had the same goal of “pulling out money from the rich U.S and sharing it between them.” Although they called themselves “anti-Americans,” the Russians sold card information of American people at US$90 per case. Contact with the Russians, transfer of card information and payment were all conducted through the Internet. Credit card swindlers did business based on thorough "credibility."
According to the police, one of the Korean forgers stated that the Russian people had introduced themselves as employees of a credit card company and said that they had acquired the traded information from colleagues working in the U.S. It means that American and Russian card company employees had sold the information of their customers. The domestic card swindlers were able to forge credit cards with Americans’ information thanks to overflowing invalid cards, which were produced due to reckless issuance of card companies. Invalid credit cards are suspended cards of credit delinquents. Those cards can be purchased at W10,000 per piece on the Internet, the police said.
The card forger ring input foreigners’ information to invalid cards and turned them into valid ones. This card forgery takes about 10 seconds: Inserting cards into a card member management machine called “Encoder” and then inputting Americans’ information. Credit cards have personal information in the magnetic line on the backside. The information in the magnetic line can be easily deleted or saved like with a floppy disk. The purchase of goods with forged card was the mission of other people. The forgers lured buyers by saying “It is the patriotic way to earn foreign currency because money will flow in to Korea from abroad,” the police said. The 20 buyers traveled across the country to purchase jewelry, pre-paid highway toll cards and cultural gift certificates because they can be easily cashed in the private money market.
Their’ several month-long swindling activities were detected because American card companies had notified their Korean counterparts of irregular card use and the Korean police were led on by highway toll cards, which were intensively purchased with forged credit cards.
The Seoul Metropolitan Police Agency arrested Thursday 21 people including a 42-year-old man identified as Kwon and 34-year-old man identified as Kim who illegally earned W350 million. The police booked five buyers, including 31-year-old man identified as Seo, without detention. Credit card companies say that until the widespread use of smart cards, which are difficult to forge, there is no clear way to prevent card forgery but to thoroughly check them after use.
Ping!
Since they are so bold about it, maybe they can be treated as enemy combatants.
That sentence doesn't make any sense.
I am stunned that no Nigerians appear to have been involved.
"Scratch a Russian...find a crook!"
"Anti-American Express -- don't protest without it?"
They are "ex" KGB, just like most other Red Mafiya. "The Russians are our friends" and "I looked into his eyes and saw his soul" .... repeat after me!
The greed and depravity these Russian criminals bring when they settle on American soil is unprecedented.
They are ruthless, sleazy, unprincipled but highly politically-connected cons. These so-called "Russian refugees faking victimization" come to America under false pretenses, seeking political asylum under US law, and are treated like landed gentry. Their crooked activities are doubly disturbing since Russian emigres land on US soil under very auspicious circumstances.
The Russians are treated like royalty, get tax-subsidized government grants, tax-subsidized housing, and have job set-asides waiting for them......jobs that are taken from taxpaying born-Americans
A TV news segment showed one of these young Russian freeloaders, who was a trained engineer, picking up welfare checks and food stamps while his wife was dolled up in an expensive fur, lolling around getting her hair done courtesy of US taxpayers.
It is an outrage that taxpayers are subsidizing this criminal element's entre into America, and are footing the bill to enable their crooked activities.
Last fall, the FBI busted a widespread Russian crime ring operated primarily out of a Brooklyn law firm owned by Alan Blumen, 30, of Morganville, N.J. and George Vishnevetsky, 40, of Brooklyn that involved massive thievery by Russian organized crime rings staging billion dollar auto crash schemes that bilked auto insurance groups and Medicare of hundreds of millions of dollars. Law-abiding Americans end up paying for this thievery.
Russian-born criminals in America are the worst. They are involved in identity fraud, insurance ripoff scams, massive faked auto accident fraud rings, tax evasion schemes, etc, etc, etc.
Some of them got nabbed a few years back holding big jobs in the Bank of NY which they used to launder funny money.
One investment thief looted and ripped-off working class pensioners, and others, then absconded when it came time to pay for his crimes.
These cons are politically savvy and their politics are corrupt and quite Byzantine. We should be very concerned about their American presence which is concentrated in New York......in a place nicknamed Little Odessa.
Law-abiding Americans end up subsidizing these financial terrorists by having to pay higher insurance fees, etc, and higher taxes. These people are an evil threat to every American freedom and to American financial stability every minute they are in our country and are allowed to breathe the fresh air of free America. Your Congressmen and Senators should hear from you that coddling these criminals with our taxes must be stopped.
Is there anything unusual ethnically about these Red Mafiya types?
Sorry, but it is US who invent such crimes...guess US continue to outsource. Fact that US clinton types steal $500 billion in resources through drunk Yeltsin what should we then say of Americans? Are not stupid stereotypes great?
You say that right, and that's just oligarches like Berezovsky, Gusinksy, Abramovich, Potanin and Khodorhovsky (for whom Bush and Powel go screaming to Russia about in his defense)....I love when West lecture others on stopping criminals and money laundering...but any who make it out with stolen millions/billions West instantly give assylm to.
Oh and plenty US crooks in Russia, especially under US presidential invite of Clinton.
But it is good things that only Russians are mafia...after all in US never such things as Irish, Italian, Scottish, Jewish, Southern, Mexican, Cuban, Japanese, etc mafias...only Russians...do you not know propaganda of West? We all are born evil with horns and tails and use Western children blood in our communion breads.
Liz they are not russians. You know that. Why you so much pathetic toward those "russians".
Alan Blumen, 30, of Morganville, N.J. and George Vishnevetsky, 40, of Brooklyn ==
Thare names show anyone unbiased that guys are NOT russians and never was.
They are former "soviet jewish refugees" for sure.
I see the concept of "Universal Victimhood" has taken root in Mother Russia!
Odessa is in the Ukraine. They are Ukrainians.
Clearly, I was not referring to the Koreans who were arrested, I was referring to `Russians, self-assumed "anti-Americans," by another domestic credit
card counterfeiting group, paying W50 million in commission.' Why did you assume that I am stupid?
Many if not most of them are "ex" KGB. I will leave it to the authorities and their own sense of responsibility to determine whether or not any of them are current SVR.
But what if this is more than a criminal issue? What if the "ex" KGB who make up most of the Red Mafiya are current SVR? Then that's something to be concerned about.
Blame the Jews, eh? I smell a pogrom in the making.
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