All data is delayed
Loading...
See More

Police bust global credit card ring

Jul 12 2011 11:33
Sapa-DPA
Madrid - Police in six countries have dismantled the world’s largest credit card falsification network, detaining 60 people, Spanish police sources said on Tuesday.

The arrests were made in Spain, Bulgaria, Italy, the United States, Poland and Germany.

The ring, known as Noshtnia, earned nearly €150 000 a week, the sources said. It had been active for nine years, and laundered its earnings by investing in construction and public works in Kenya, Cyprus, South Africa and Russia.

Police confiscated property worth more than €15m.
banking industry  |  credit cards  |  fraud

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Working remotely is:

Previous results · Suggest a vote

Loading...