Canadian police bust four in $2 million card scam

Canadian police bust four in $2 million card scam
Tags: Debit / Credit, North America, Prepaid / Stored Value / Gift Card, Regulatory Issues, Retail / Off-Premises, Security
September 4, 2008

The Canadian Press: Calgary police have charged four men with defrauding a local business of nearly CAN $2 million by breaking into its database. Police say once the accused were inside the business's computer system, they inflated the value of its prepaid-debit cards. The fraudsters then withdrew money at ATMs across Canada and several other countries with the cards they had produced.

Click to continue