|For our donors from the UK:|
|Recent Publications from New English Review Press|
|Out Into The Beautiful World
by Theodore Dalrymple
by David P. Gontar
|Islam Through the Looking Glass: The Collected Essays and Reviews of J. B. Kelly, Vol. 3
edited by S. B. Kelly
|The Real Nature of Religion
by Rebecca Bynum
|As Far As The Eye Can See
by Moshe Dann
|Threats of Pain and Ruin
by Theodore Dalrymple
|The Oil Cringe of the West: The Collected Essays and Reviews of J.B. Kelly Vol. 2
edited by S.B. Kelly
|The Impact of Islam
by Emmet Scott
|Sir Walter Scott's Crusades and Other Fantasies
by Ibn Warraq
|Fighting the Retreat from Arabia and the Gulf: The Collected Essays and Reviews of J.B. Kelly. Vol. 1
edited by S.B. Kelly
|The Literary Culture of France
by J. E. G. Dixon
|Hamlet Made Simple and Other Essays
by David P. Gontar
by Theodore Dalrymple
|The Eagle and The Bible: Lessons in Liberty from Holy Writ
by Kenneth Hanson
|The West Speaks
interviews by Jerry Gordon
|Mohammed and Charlemagne Revisited: The History of a Controversy
by Theodore Dalrymple
|The Left is Seldom Right
by Norman Berdichevsky
|Allah is Dead: Why Islam is Not a Religion
by Rebecca Bynum
Wednesday, 6 February 2013
From NBC NEWS:
ID theft/fraud ring netted $200 million and counting, feds allege
AP Photo/The Jersey Journal
FBI agents enter Raja Jewelers in Jersey City, N.J., on Tuesday, investigating what a criminal indictment describes as an international credit card fraud ring.
In an indictment that reads like an instruction manual for nearly every type of identity theft and credit card fraud yet invented, prosecutors alleged on Tuesday that more than a dozen crooks ran roughshod over America's credit system for six years, stealing hundreds of millions of dollars and living like kings.
The techniques deployed by the crime ring ran the gamut, from child ID theft to setting up fake stores to process credit card payments, says the indictment, which was unsealed on Tuesday. It alleges that suspects created so-called “synthetic identities,” in which invented Social Security numbers were used to create fake credit reports that enabled them to borrow huge sums; faked utility payment histories to fool credit bureaus; designated themselves as "authorized users" of real victim's identities; and minted real and fake merchant credit card processing accounts to trick banks into depositing large sums of cash into bank accounts they controlled. In one case, they even used a 6-year-old's Social Security number to get credit, it said.
With the proceeds of the scheme, they bought luxury cars, electronics, spa treatments, and millions of dollars in gold, the indictment said. Authorities found $68,000 in cash hidden inside the kitchen oven of one suspect, it said.
“This elaborate network utilized thousands of false identities, fraudulent bank accounts, fake companies and collusive merchants to defraud financial institutions of hundreds of millions of dollars in order to facilitate extravagant lifestyles they could otherwise not afford,” David Velazquez, FBI acting special agent in charge, said in a statement.
A set of jewelry stores in Jersey City, N.J., just across the Hudson River from New York City, was at the center of the fraud, according to the indictment. False charges were run through the stores’ merchant credit card processing accounts, allowing the criminals to turn fake IDs and fraudulent credit cards into cash. Jewelry stores, which routinely process high-priced transactions, are perfect for such a fraud.
According to the indictment, the extent of the brazen operation and its support network was staggering. There were 7,000 fake identities created in all, and 25,000 fake credit cards, it said. To fool banks and credit bureaus, 1,800 fake "drop box" snail mail addresses were used, so criminals could accept real mail -- such as utility bills -- and make them part of the scheme, it said.
The FBI estimates the fraud netted a total of $200 million, but because some conspirators have not yet been arrested and the investigation is ongoing, it expects that figure to rise. Money was sent around the world, to Canada, Pakistan, India, China and Japan. While the operations centered on the New York metropolitan area, with 13 individuals arrested in New York, New Jersey, and Pennsylvania, the scam actually touched 28 U.S. states, according to the indictment.
Babar Qureshi, who is the accused ringleader, made a single wire transfer of $500,000 recently, the indictment alleges, and a total of $1 million flowed through his accounts during the operation. The FBI says it has identified 169 bank accounts through which $60 million in proceeds flowed -- most ultimately withdrawn in cash.
The general technique the criminals allegedly used is not new, or novel, and is sometimes called a "bust-out" scheme. In the indictment, the U.S. Attorney's Office calls it "make up, pump up and run up." Here’s how it works: Criminals gain control of a real or invented credit identity, but don't use it for fraud right away. Instead, they patiently pay bills or otherwise build up the creditworthiness over time. Then, when the account is "primed" so that potential creditors are convinced it is legit and their fraud-fighting software lets its guard down, a large fraud is committed.
A chart in the federal indictment breaks down the various identities authorities say were linked to suspects arrested in the fraud ring.
There’s a lesson in these allegations for victims of credit card account number theft -- smart criminals don't commit fraud immediately after stealing account numbers. If your account number is compromised, don't believe you are in the clear just because there's no fraud in the first few months.
Merchant accounts -- credit card transaction processing accounts that businesses use to accept credit cards and get paid -- are particularly valuable to criminals. The biggest barrier credit fraudsters have is turning data into cash. It's risky to purchase items with stolen credit cards, or to attempt ATM cash withdrawals, as that creates a paper trail and perhaps a surveillance video record. But by working with a merchant account, criminals can pretend they are processing legitimate transactions and automatically have the payments deposited directly into their checking accounts. The criminals can go from stolen account numbers to cash in a fully electronic transaction. There's still a paper trail, but that's why these criminals maintained an extensive network of fake IDs, the government alleges – so they could hide behind layers of false identities when setting up the merchant accounts. Jewelry store accounts, with their high-ticket purchases, would be particularly useful in this kind of crime.
The 18 defendants charged in the indictment -- including five who are still at large -- range in age from 31 to 74. Four of the suspects live in Iselin, N.J., about 45 minutes south of New York City. One is in Philadelphia. The rest are scattered among New York City and nearby suburbs..
Attorney Angelo Servidio, representing defendant Tarsem Lal, said his client was free on bail, and wanted to remind people that his client is innocent until proven guilty.
"They are all presumed innocent. There are a lot of people involved in or alleged to be involved in this case," he said. "From what I can see, this case (may have) been under investigation since 2008, so there are going to be a lot of documents to sift through."
"Other than his connection with a jewelry store, I don't know what evidence they have," he said.
Posted on 02/06/2013 4:28 PM by Hugh Fitzgerald
6 Feb 2013
And, besides the immediate damage they were doing - damage such as ordinary non-Muslim fraudsters do - I wonder whether they used all of what they netted in self-indulgent high spending...or whether some of it made its way into the bank accounts of assorted da'wa-and-combat-jihad outfits?
Further note: in Australia, not so very long ago, we had to create what our authorities were pleased to call 'The Middle-Eastern Organized Crime Squad' (it was 'middle eastern' not because of Jews or Copts or Assyrian Christians but primarily because there were so many, many Lebanese Arab Muslims getting involved in money laundering, extortion, illegal-drug-importation/ production-and-sale, car rebirthing, etc etc and so dismally forth; to be quite, quite truthful it should have been called 'The Muslim Organized Crime Squad', that is, 'That Arm of the Infidel Australian Police which Must Occupy Itself With Attempting to Thwart and/ or Punish the Proliferating Organized Crime Activities Engaged In By The Ummah, Or Mohammedan Mob In Our Midst".
Sounds like the USA needs to come up with something similar. Just call it the 'Muslim Organized Crime Squad' and be done with it, since it seems that in the USA it's the Pakistani Muslims who are particularly prominent, and they don't count as 'middle easterners'.
The next step is to realize that whereas East Asian and Italian communities contain bodies such as the Triads, Tongs, Yakuza and Mafia, but are not coterminous with them, in the case of the Ummah, for all practical purposes, the whole of the Ummah is 'the Mob'. Not all engage directly in nor even profit directly from the violence, fraud, threats, extortion; but all are bound to 'the mob' by a blood oath that requires their execution, should they leave, and all to some degree - once a targeted society has been overwhelmed and reduced to dhimmitude - get to lord it over and batten upon the terrorised dhimmis. Every apostate from Islam is like someone who has decided to leave the Mafia.
Most Recent Posts at The Iconoclast
Ivan Rioufol: Europe Abases Itself Before The Muslim Immigrants 9-Oct-2015
'Queen of Ivory': Africa’s infamous poaching mastermind nabbed 9-Oct-2015
The Worldview of Obama's Point Man on Iran Deal 9-Oct-2015
BDS in a Jewish Day School 9-Oct-2015
Confessions of a Member of the One Percent 9-Oct-2015
Putin’s Great Crime: He Defends His Allies and Attacks His Enemies 9-Oct-2015
Top Ukraine official backs idea 'to help ISIS take revenge on Russian soldiers in Syria’ 9-Oct-2015
ISIS tells fighters to GANG RAPE women saying sex with multiple jihadis makes them MUSLIM 9-Oct-2015
Navy Seal who 'killed Osama bin Laden' threatened by Islamic State 9-Oct-2015
Muslim Witnesses Laughed and Spat At Badly-Wounded Jewish Woman In Jerusalem 9-Oct-2015
Could The JCPOA be in Violation of a 2012 Iran Sanctions Law Signed by President Obama? 8-Oct-2015
Eight Days, Just Eight Days - Of Muslim Attacks - Jihad - Upon Jews, In Israel, 1-8 October 2015 8-Oct-2015
Stating the Obvious : "Israel, October 2015: This is War" 8-Oct-2015
Bon Jovi Defies BDS, Performs in Tel Aviv, Dedicates To Israel New Song "We Don't Run" 8-Oct-2015
Kampus Kangaroo Kourt - The Fiamengo File Episode 9
Search The Iconoclast
The Iconoclast Posts by Author
Bat Ye'or (5) Brian of London (14) Christina McIntosh (636) Conrad Black (95) David P. Gontar (4) David Solway (6) David Wemyss (1) Dexter Van Zile (73) Dr. Michael Welner (3) Emmet Scott (1) Esmerelda Weatherwax (7802) G. Murphy Donovan (32) Geert Wilders (8) Geoffrey Clarfield (263) Hugh Fitzgerald (20337) Ibn Warraq (7) Ilana Freedman (2) James Como (3) Jerry Gordon (2214) John Constantine (71) John M. Joyce (364) Jonathan Hausman (4) Joseph S. Spoerl (3) Kenneth Timmerman (3) Louis Rene Beres (22) Mark Anthony Signorelli (11) Mark Durie (4) Mary Jackson (5054) Matthew Hausman (11) Michael Curtis (152) NER (2070) Nidra Poller (44) Norman Berdichevsky (75) Paul Weston (4) Rebecca Bynum (6039) Richard Butrick (17) Richard Kostelanetz (3) Richard L. Benkin (20) Richard L. Rubenstein (41) Robert Harris (62) Sam Bluefarb (1) Sha’i ben-Tekoa (1) Ted Belman (8) The Law (83) Theodore Dalrymple (588) Thomas J. Scheff (5) Walid Phares (8) z - all below inactive (7) z - Ares Demertzis (2) z - Andrew Bostom (74) z - Andy McCarthy (536) z - Artemis Gordon Glidden (881) z - DL Adams (21) z - John Derbyshire (1013) z - Marisol Seibold (26) z - Mark Butterworth (49) z - Nonie Darwish (2) z- Robert Bove (1189) zz - Ali Sina (2)
The Iconoclast Archives
January February March April May June July August September October 2014
January February March April May June July August September October November December 2013
January February March April May June July August September October November December 2012
January February March April May June July August September October November December 2011
January February March April May June July August September October November December 2010
January February March April May June July August September October November December 2009
January February March April May June July August September October November December 2008
January February March April May June July August September October November December 2007
January February March April May June July August September October November December 2006
January February March April May June July August September October November December