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Feds Bust Huge Credit Fraud Ring

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STEVE INSKEEP, HOST:

We're also tracking a story that federal authorities call one of the biggest credit card fraud rings in U.S. history. Eighteen people are alleged to have created an elaborate web of fake identities and sham companies to steal hundreds of millions of dollars.

NPR's Dan Bobkoff has more.

DAN BOBKOFF, BYLINE: To give you a sense of the scale of this fraud, let's start with some numbers. The fraud lasted at least six years. The 18 people allegedly created 7,000 fake identities. They used these to open 25,000 credit cards.


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