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Capital One to Acquire HSBC’s Domestic Credit Card Business
Capital One Financial Corporation has announced a definitive agreement under which Capital One will acquire HSBC’s domestic credit card business, including its approximately $30 billion credit card portfolio, for an 8.75 percent premium to par value...
Hacker Receives 120 Months in Prison
Rogelio Hackett Jr., 25, of Lithonia, Ga., has been sentenced to 120 months in prison by U.S. District Judge Anthony J. Trenga in Alexandria, Va., for trafficking in counterfeit credit cards and aggravated identity theft.
Teller Supervisor Pleads Guilty to Embezzlement
The former financial operations officer for Catholic and Communities Credit Union (CCCU) was convicted in US District Court on June 9, 2011, for embezzling more than $38,000. Full Story Available at:Teller Supervisor Pleads Guilty to Embezzlement Net...
When Self-esteem is Threatened, People Pay with Credit Cards
People shop for high status items when they’re feeling low, and they’re more likely to make those expensive purchases on credit, according to a study in the current Social Psychological and Personality Science (published by SAGE). When a person’s...
Fifteen Indicted in Florida for Fraud And Bribery in Scheme Involving Private Clubs
Fifteen individuals were indicted in Miami on fraud and bribery charges in connection with their involvement in a scheme to defraud unwitting out-of-state businessmen and tourists out of thousands of dollars through exorbitant alcohol charges incurred...
Fourteen Members of Criminal Ring Indicted in $30 Million Fraud Scheme
Fourteen men were arrested for their participation in a criminal ring that engaged in a large-scale credit card and bank fraud conspiracy based in Manhattan and Queens, New York. The scheme involved using various collusive merchants to fraudulently charge...
Multi-agency Investigation Dismantles Australian Fraudulent Credit Card Syndicate
A multi-agency investigation conducted by the Identity Security Strike Team (ISST) has lead to the arrest of five people across Sydney and Adelaide, and the dismantling of a credit card manufacturing syndicate.
Ohio Woman Charged in Identity Theft And Fraudulent Credit Card Scheme
Sarah A. Fleming, of Macedonia, Ohio, was indicted for allegedly using the personal identifiers of 14 real people, including their Social Security numbers and dates of birth, to open 14 credit card accounts and then using those fraudulent credit cards...
