Largest Credit Card Fraud

An Indian businessman, involved in one of the largest credit card fraud schemes ever prosecuted by US federal authorities, has admitted to his role in the conspiracy and now faces a maximum penalty of 30 years in prison and a USD 1 million fine.

Four Indians are among 10 people charged for alleged participation in one of the largest credit card frauds in the US resulting in estimated losses of a whopping $200 million.

Four Indians are among 10 people who have been charged in the US for their alleged participation in one of the largest credit card fraud schemes here resulting in losses of $ 200 million.

Country's largest credit card issuer HDFC Bank has started replacing some points of sale machines at merchant establishments following card 'skimming' frauds, a top official has said. "We are replacing machines at some merchants," the bank's head for credit card and merchant acquiring, Parag Rao told reporters last evening.

Eighteen people have been charged in what may be one of the nation's largest credit card fraud rings, a sprawling international scam that duped credit rating agencies and used thousands of fake identities to steal at least $200 million, federal authorities said Tuesday.

A computer hacker from Miami who orchestrated one of the largest theft of credit and debit card numbers in U.S. history was sentenced Thursday to 20 years in prison after he apologized for leading a scheme that cost companies, banks and insurers nearly $200 million.

An Indian businessman, involved in one of the largest credit card fraud schemes ever prosecuted by US federal authorities, has admitted to his role in the conspiracy and now faces a maximum penalty of 30 years in prison and a USD 1 million fine.

Four Indians are among 10 people charged for alleged participation in one of the largest credit card frauds in the US resulting in estimated losses of a whopping $200 million.

Four Indians are among 10 people who have been charged in the US for their alleged participation in one of the largest credit card fraud schemes here resulting in losses of $ 200 million.

Country's largest credit card issuer HDFC Bank has started replacing some points of sale machines at merchant establishments following card 'skimming' frauds, a top official has said. "We are replacing machines at some merchants," the bank's head for credit card and merchant acquiring, Parag Rao told reporters last evening.

Eighteen people have been charged in what may be one of the nation's largest credit card fraud rings, a sprawling international scam that duped credit rating agencies and used thousands of fake identities to steal at least $200 million, federal authorities said Tuesday.

A computer hacker from Miami who orchestrated one of the largest theft of credit and debit card numbers in U.S. history was sentenced Thursday to 20 years in prison after he apologized for leading a scheme that cost companies, banks and insurers nearly $200 million.