11 Arrested In $200 Million Credit Card Fraud Ring

By PYMNTS | June 6, 2013

Eleven people have been arrested and accused of running an international $200 million credit card fraud ring, according to the Chicago Tribune.

The arrests were coordinated between the U.S., UK and Vietnam, where 23-year-old Duy Hai Truong was arrested on May 29. Truong and his accomplices stand accused of hacking into websites that sell goods, stealing card information and then reselling that information online.

According to the report, the crime ring stole information from more than one million cards.

“One of the world’s major facilitation networks for online card fraud has been dismantled by this operation, and those engaged in this type of crime should know that they are neither anonymous, nor beyond the reach of law enforcement agencies,” Andy Archibald, interim deputy director of the National Cyber Crime Unit, said in a statement.

Read the full story here.