ID Fraud

Fake ID Ring Led to $200 million in Fraud

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:

  1. The criminals created false identities by manufacturing fake IDs such as drivers’ licenses, pay stubs, tax returns, and social security numbers.
  2. Using a fake ID, they would create credit reports to increase the credit cards’ spending and borrowing power.
  3. Finally, they would spend or borrow as much as they could with false credit history and never repay their debts.

To read the full story, please visit the SILive.com website.

 

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