Originally Posted by
Mr. BoH
https://www.justice.gov/usao-nj/pr/t...dit-card-fraud
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I assume this is related to the enhanced security / shutdowns earlier this year. All I have to say is... $8 million? Mind-boggling to me that people would have the gall to try and do it on that scale. I could see somebody getting tempted for a couple free flights, but surely at this scale it was just a matter of time before they were caught.
It's POSSIBLE it's Citibank and AA (Citi Thankyou points but prob not the Citi/Barclay AA cards) but sounds from the indictment it's much more likely to be Amex rewards points or Chase Ultimate Rewards. The FELONY indictments (yikes) specifically say they redeemed the credit card points for airline miles on various airlines, rather than referring the bonus currency as miles earned from spending. The indictment also mentions $8 million as money had to pay to various airlines when the points were exchanged for airline miles, which is different than purchasing bazillions of AA miles and handing them out like candy for SUB's and for monthly spend.
The $8 million is a big number but even more mind boggling: opening 7.000 credit card accounts using false pretenses in the name of 1.500 other people.
Ms. 45 has nothing on these fraudsters. They are likely facing a long haul in jail.
Here's the indictment:
https://www.justice.gov/usao-nj/pres...81716/download