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17 New Yorkers Busted for ID Theft and Money Laundering Scam

by Terrence O'Brien on November 12, 2007 at 10:44 AM


Late last week, New York-based Western Express International was shut down for identity theft and money laundering. In addition, 17 of the company's employees were indicted in the investigation Following a two-year investigation by the Manhattan DA and the Secret Service, charges were filed on Wednesday against the front company that reportedly brought in over $35 million in illicit funds.

Western Express International operated two Web sites, Dengiforum.com and Paycard2000.com, which it used to help harvest unsuspecting Web surfers' credit card information. In total, the company trafficked 95,000 stolen credit card numbers.

Two corporate officers of the company went to prison last year after pleading guilty to illegal check-cashing and money-laundering activities, which presumably was one of the first big red flags that helped launch this latest investagtion.

The 17 employees indicted this week face up to 25 years behind bars.

From PC World

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Tags: credit card, CreditCard, fraud, id theft, IdTheft, security, theft

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