Over 170 people around the globe were arrested on suspicion of participating in a massive credit card scam, reports Reuters. Fourteen countries were involved, and although most of the arrests were in Spain, there were also raids and/or arrests in Romania, France, Italy, Germany, Ireland, Australia, Sweden, Greece, Finland, Hungary, and the United States. In all, police say they discovered at least 120,000 stolen credit card numbers. [More]
Reader Kellie reports being the victim of an ATM skimming scam in the Chicago area. Mostly, she was amazed that the thefts weren’t reported in the local media, and she asked bank employees why. Here’s what they told her.
The retail industry claims it loses $30 billion a year from organized retail crime—rings of professional shoplifters who sell their goods at flea markets, pawn shops, and online through auction sites like eBay—so they’re asking online sellers to help by posting serial numbers of products and by providing more information on high-volume sellers. Right now all they can do is ask, but there are politicians in Washington who are making noises about pursuing a legislative solution.