Wednesday, July 16, 2014

Two Suspected Members of Credit Fraud Gang Arrested

Two alleged members of the credit card fraud gang that cost jewelers more than $1 million in losses have been arrested, according to the Jewelers’ Security Alliance.

The dual arrests came in separate incidents in Greensboro, N.C., and Houston after jewelers were alerted to the scam by JSA bulletins disseminated by the North Carolina Jewelers Association and Texas Jewelers Security Hotline.

In one instance, a retailer became suspicious of a customer and then saw his picture on the bulletin. After the suspect applied for a credit card, he was told that the company’s computers were down and left the store. The jeweler wrote down his license plate number, and the man was later arrested at another jewelry store.

Despite these arrests, JSA president John Kennedy advises jewelers to be on the lookout, noting that other gang members are still out there.