April 9, 2008
For Credit Card Fraudsters Only!
6 PM on a Thursday night. My friend’s brother is about to go out when the doorbell rings. Two unhappily looking men and a warrant for arrest are outside. Oops. 5 AM on a Friday morning. Guess what ‘ no more sweet dreams because all of a sudden I should “locate and deliver” the lost brother who is slowly drifting his way through the New York City Criminal Justice digestive system. It should take about 24 hours from arrest to arraignment in New York and it could be difficult for relatives to find you during this time. So, locate? Maybe. Deliver? Not so fast. After displaying some creative telephoning skills, I discover that our little problem is credit charges of credit card fraud, identity theft, and grand larceny. The poor fellow has helped himself to about $15,000. Bad for him, but really, he’s lucky to be investigated by the local cops, not by the feds.This scenario repeats itself now and then. Well, not with my friend’s brother, of course. In 1980, Visa and Master Card lost $110 million to credit card fraud. In 1995, that number swell to about $1.63 billion, according to some reports. A 2005 […]
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