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Canadian police bust four in $2 million card scam

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.

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Retail / Off-Premises Regulation / Legislation Prepaid / Stored Value / Gift Card Debit / Credit North America Security

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