{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Authorities charge 18 in $200 million global credit card fraud' data-url='/boclips/videos/5c54c595d8eafeecae1714bf' data-video-url='/boclips/videos/5c54c595d8eafeecae1714bf' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nAuthorities charge 18 in $200 million global credit card fraud\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eJersey City, New Jersey1. Wide of main Indian shopping district in Jersey City's \"Little India\" neighbourhood where raids took place2. Wide of \"Nikita's Inc.\" - business raided and shut down by the FBI as part of the probe 3. Close-up of...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eJersey City, New Jersey\u003cbr/\u003e1. Wide of main Indian shopping district in Jersey City's \"Little India\" neighbourhood where raids took place\u003cbr/\u003e2. Wide of \"Nikita's Inc.\" - business raided and shut down by the FBI as part of the probe \u003cbr/\u003e3. Close-up of police tape in front of Nikita's \u003cbr/\u003e4. Mid of Nikita's with FBI agents walking past\u003cbr/\u003e5. Mid of raided jewellery store with police tape\u003cbr/\u003e6. Close-up of Nikita's sign \u003cbr/\u003eNewark, New Jersey\u003cbr/\u003e7. Wide of news conference at US Attorney's Office in Newark \u003cbr/\u003e8. SOUNDBITE: (English) Paul Fishman, US Attorney:\u003cbr/\u003e\"The losses in this case are, in a word, massive. The conspirators in this criminal enterprise allegedly obtained more than 25-thousand credit cards by fraudulent means using more than seven-thousand false identities. With these credit cards, they have caused losses of at least 200 (m) million (US) dollars (147 (m) million euros) and that by the way is a conservative estimate of the alleged losses, just the amount we've been able to confirm so far. The actual loss figure, as the complaint alleges, may ultimately be much higher.\"\u003cbr/\u003e9. Wide of news conference \u003cbr/\u003e10. SOUNDBITE: (English) Paul Fishman, US Attorney:\u003cbr/\u003e\"The conspirators sent many millions of dollars in illegal profits overseas, to a variety of countries named in the complaint: Pakistan, Canada, India and the UK. They hid tens of thousands of dollars of cash in their homes, you'll see in the complaint that 68-thousand (US) dollars (50-thousand euros) in cash was seized from just one defendant's house during an earlier search warrant, executed part of this case, money was hidden in a kitchen stove. And the complicit merchants, the jewellery store owners in Jersey City, used the proceeds to purchase millions of dollars worth of gold and gold jewellery and we'll be seeking to forfeit whatever we can find. \u003cbr/\u003eJersey City, New Jersey\u003cbr/\u003e11. Close-up of sign of \"Raja Jewelers\" - one of the businesses raided \u003cbr/\u003e12. Wide of \"Raja Jewelers\" and vehicles surrounded by police tape\u003cbr/\u003e13. Wide of \"Ashu Jewelers\" - shuttered as part of the investigation \u003cbr/\u003e14. Close-up of \"Ashu Jewelers\" sign\u003cbr/\u003e15. Wide of \"Ashu Jewelers\"\u003cbr/\u003eEighteen people were charged and a number of properties searched in the United States on Tuesday in what may be one of the country's largest credit card fraud rings. \u003cbr/\u003eFederal authorities said the international scam duped credit-rating agencies and used thousands of fake identities to steal at least 200 (m) million US dollars (147 (m) million euros).\u003cbr/\u003eThe elaborate scheme involved improving fake cardholders' credit scores, allowing the scammers to borrow more money that they never repaid, investigators said. \u003cbr/\u003e\"The losses in this case are, in a word, massive,\" said Paul Fishman, the US attorney in Newark. \u003cbr/\u003e\"The conspirators in this criminal enterprise allegedly obtained more than 25-thousand credit cards by fraudulent means using more than seven-thousand false identities,\" he explained.  \u003cbr/\u003eFishman said the con, which began in 2007, operated in at least 28 states and wired money to Pakistan, India, the United Arab Emirates, Canada, Romania, China and Japan.\u003cbr/\u003eHe said the estimated 200 (m) million US dollars (147 (m) million euros) in documented losses was \"conservative\".\u003cbr/\u003eParticipants set up more than 1,800 mailing addresses, creating fake utility bills and other documents to provide credit card companies with what appeared to be legitimate addresses.  \u003cbr/\u003eOnce participants obtained the cards, they started making small charges and paying off the cards to raise their credit limits. \u003cbr/\u003eThey then sent fake reports to credit-rating agencies, making it appear that cardholders had paid off debts, setting the stage for sterling credit ratings and high credit limits.  \u003cbr/\u003eFishman said once the credit limits were raised, members would take out a loan or max out the credit card and not repay the debts.  \u003cbr/\u003eThe group also created at least 80 sham businesses that accepted credit card payments, Fishman said. \u003cbr/\u003eThe group would run the fraudulently obtained credit cards through the machines, keeping the money. \u003cbr/\u003eThe scheme funded a lavish lifestyle for the accused, including spa treatments, electronics and millions of dollars of gold, Fishman said. \u003cbr/\u003eIn one raid, authorities found 68-thousand US dollars (50-thousand euros) stashed in an oven. \u003cbr/\u003eThree jewellery stores within blocks of each other in a heavily Indian section of Jersey City were closed on Tuesday and their inventory was seized. \u003cbr/\u003eAll had signs advertising gold jewellery. \u003cbr/\u003eTheir metal security gates were shut, and they were guarded by FBI agents.\u003cbr/\u003eFourteen defendants appeared before a federal judge on Tuesday. \u003cbr/\u003eLawyers said one man was a taxi driver, another a limo driver. \u003cbr/\u003eMost own property in New Jersey or New York and said they were US citizens. \u003cbr/\u003eEight were released, and six remained in custody ahead of a Friday bail hearing.\u003cbr/\u003eAuthorities said many of the defendants had family ties, including a father and son.\u003cbr/\u003eFour of the defendants named in Tuesday's indictment were arrested previously, and three have pleaded guilty. \u003cbr/\u003eOthers haven't been charged, and the investigation is ongoing, Fishman said.\u003cbr/\u003eEach of the defendants was charged with one count of bank fraud and could face up to 30 years in prison and a one (M) million fine if convicted.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv 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