Global credit card fraud, tagged at $200 mn, driven by Indians: US

Feb 06 2013, 12:15 IST
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18 charged in $200 mn US Global credit card fraud. (Thinkstocks) 18 charged in $200 mn US Global credit card fraud. (Thinkstocks)
SummaryUS prosecutors say this is one of the largest credit cards fraud ever.

a taxi driver, another a limo driver. Most own property in New Jersey or New York and said they were U.S. citizens. Eight were released, and six remained in custody ahead of a Friday bail hearing

Authorities said many of the defendants had family ties, including a father and son.

Attorney Angelo Servidio, representing defendant Tarsem Lal, said what authorities had done was merely make allegations.

ďThe fact that this is the biggest fraud case brought by this office doesn't mean my client is involved in it,'' he said.

Four of the defendants named in Tuesday's indictment were arrested previously, and three have pleaded guilty. Others haven't been charged, and the investigation is ongoing, Fishman said.

Each of the defendants was charged with one count of bank fraud and could face up to 30 years in prison and a $1 million fine if convicted.

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