In Staten Island, A man name Khawaja Ikram led an elaborate fake ID scheme that led to $200 million in international credit card fraud. As a part of the conspiracy, Ikram created over 7,000 false identities to obtain 25,000 credit cards, and charge $200 million in credit card fraud. The conspiracy spanned over eight countries and 28 states.
The scam included a 3-step process:
- The criminals created false identities by manufacturing fake IDs such as drivers’ licenses, pay stubs, tax returns, and social security numbers.
- Using a fake ID, they would create credit reports to increase the credit cards’ spending and borrowing power.
- Finally, they would spend or borrow as much as they could with false credit history and never repay their debts.
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