FTC Says Scammers Stole Millions, Using Virtual Companies

Monday Jun 28th 2010 by Datamation.com Staff

Offshore criminals have been stealing pennies at a time for more than four years.

NetworkWorld: The Federal Trade Commission has filed a civil lawsuit against a gang accused of stealing millions of dollars--pennies at a time. The scam, which has reportedly been ongoing for more than four years, charged amounts between $.25 and $9 to U.S. credit cards. 94 percent of the time, the credit card owners did not contest the charges.

"It was a very patient scam," said the FTC's Steve Wernikoff. "The people who are behind this are very meticulous."

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