Say you're a DJ, hustling gigs but hungry for more cash. How do you do it? A nine-person gang figured out an scam: Between September 2008 and January 2009, they used over 1,500 stolen credit cards to spend over $761,000 on music at iTunes and Amazon. The hook: The ring bought music made by the DJ's among them, netting over $330,000 in royalties checks.
Ingenious, no doubt. But the scam was detected by the new FBI e-crimes unit, working with investigators in the U.K.; British police then made arrests across England. The nine are currently being held on charges of conspiracy to commit fraud and money laundering.
Related Stories: | Topics:Technology, Cyber Crime, Money Laundering, itunes, Amazon, online music, fraud, Stolen Credit Cards, FBI, e-crimes, Design, Innovation, United Kingdom, Amazon.com Inc., Federal Bureau of Investigation, BBC, Apple iTunes |
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Recent Comments | 2 Total
August 20, 2009 at 3:19am by Mohit Jain
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