140,000 fraudulent trans. today

Discussion in 'Credit Talk' started by slinkyboi5, Sep 13, 2002.

  1. slinkyboi5

    slinkyboi5 Well-Known Member

  2. Butch

    Butch Well-Known Member

    Massive credit card heist suspected

    Over 140,000 transactions run through tiny Net firm

    By Bob Sullivan
    MSNBC

    Sept. 13 â?? A Los Angeles-based Internet company said that 140,000 fake credit card charges, worth $5.07 each, were processed through its transaction system Thursday, in a computer scam that may have effected as many as 25 companies. The apparent fraud suggests that a computer criminal may have obtained a sizable list of stolen credit card numbers and was testing them for validity, credit card fraud expert Dan Clements said.


    Lets see here ... 140,000 X $5.07 = $709,800.00

    Doesn't sound like a validity test to me. Sounds almost like early retirement.

    :)
     

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