Credit card fraud gang jailed

Published on 18 May 2010 by anna jay

<br />    Credit card fraud gang jailed<br />A group of five men from Rochdale have been jailed for their part in a £750,000 credit card scam.

The gang were found guilty of fraud and money laundering charges after they obtained the details of 7,000 credit and debit cards. They then proceeded to fraudulently buy iTunes vouchers and sell them below face value on sites such as eBay.

Detective Inspector Neal Colburn of Greater Manchester Police called the case “complex fraud on a large scale”, but praised the “pro-active intervention of the police”.

Recent figures from the British Crime Survey show that more credit card holders fell victim to fraudsters last year, compared to the previous 12 months.

This has led to over half (53 per cent) of British cardholders being concerned about becoming a victim of credit card fraud.

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