Int'l Police Operation Busts Bulgarian Credit Card Fraud Ring

Crime | April 14, 2014, Monday // 20:40|  views

Photo by EPA/BGNES

Three people were arrested in Italy and four in Bulgaria in an operation aimed at intercepting a Bulgarian credit card fraud ring, according to Europol.

The arrests of the seven suspects last week were the result of an investigation of over one year.

A total of 25 persons involved in the scam were arrested with an additional 21 persons detained and charged.

The authorities confiscated 250 skimming devices, 2000 blank credit cards and more than EUR 50 000 in cash.

The operation was coordinated by the Comando Carabinieri Antifalsificazione Monetaria with the support  of  the Cybercrime department of  the Bulgarian State Agency for National Security.

The criminals committed fraudulent withdrawals in Indonesia, the USA, Bali, the Dominican Republic and Kenya, , according to a media statement of Europol.

Europol played a key role in the investigation by deploying on-the-spot specialists from the European Cybercrime Centre (EC3)'s Operation Terminal to assist with in depth analysis of itemised phone bills and hard disk drives linked to the criminal gang.

In addition, three operational meetings were organised to plan arrests relating to the key individuals within the organisation- an objective which was achieved with much success as the entire gang was dismantled.

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Tags: Europol, credit card fraud, crime ring, State Agency for National Security, DANS


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