Close
Log in
Please enter your login details

Skip to main content

Breaking News
  • Death toll from attack on Egyptian security forces in Sinai climbs to at least 25 – Reuters
  • US is looking into reports that Islamic State fighters used chlorine gas against Iraqi security forces, Secretary of State said – Reuters
  • Russian President Putin said he hoped a deal would be reached next week with Ukraine to end a dispute over gas supplies to Kiev – Reuters
  • ECB President Draghi urged euro zone leaders to make a joint effort to avoid “a relapse into recession” – Reuters
  • US nurse Nina Pham who had Ebola now is virus free – Reuters
  • Putin says Europe unlikely to stop importing Russian gas because there is no alternative – Reuters
  • Russian President Putin says United States is not threat to Russia, though Washington’s policies are harmful to his country – Reuters
  • Russian President Putin says Moscow helped former Ukraine President Yanukovich to leave Ukraine for Russia in February – Reuters
  • Canada Justice Minister: plans to introduce legislation to address terrorism “very soon” but considering possible additions – Reuters
  • PM Cameron says EU demand for extra funds “does not help” case to keep Britain in the 28-nation bloc – Reuters

The FBI believes that jewellery shops in Jersey City’s “Little India” neighbourhood were at the heart of a vast credit card fraud ring, which stretched across several US states.

Several properties have been raided and 18 people have been charged so far.

Officials say participants in the scheme “stole” at least 200 million dollars (150 million euros).

US Attorney for the District of New Jersey Paul Fishman said of the perpetrators:

“They hid tens of thousands of dollars of cash in their homes. You will see in the complaint that 68,000 dollars (50,000 euros) in cash was seized from just one defendant’s house during an earlier search warrant, executed as 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,” Fisherman added.

Officials believe the fraud involved thousands of fake identities, lies to credit rating agencies and funds wired abroad.

Beginning in 2007, the alleged scam was based on falsely improving the credit scores of cardholders, allowing scammers to borrow high amounts of money – which they never repaid.

Copyright © 2014 euronews

More about: