Tuesday, August 18, 2009

FBI Launches $80 Million Credit Card Fraud Investigation in Colorado

Dave Young writes on KDVR.com:

A major FBI investigation is underway in Colorado, involving bank and credit card fraud. This investigation could involve as much as $80 million in fraudulent transactions.

Four people were arrested Friday and many more arrests are expected as this investigation continues. Two of those people arrested two women with Russian backgrounds appeared in federal court here this afternoon.

And while the Feds are being tight-lipped about their investigation it's apparently a very large scale organized operation.

Federal agents with police raid an Aurora car dealership and at least a dozen other locations across the metro area looking for evidence connected to a much larger bank fraud investigation.

More here.

Hat-tip: DHS Daily Open Source Infrastructure Report


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