$200 Million Credit Card Ring busted with the help of
Payza’s Fraud Prevention Team.
Payza, among the world's fastest-growing payment platforms
for e-commerce, had alerted its 10 million members worldwide
about a variant of malware, used against banking and
e-commerce customers for years, that had been discovered
targeting Payza users. With Payza's help, law enforcement
officials have identified and arrested 11 individuals in the
UK, US and Vietnam, who have been accused of being
responsible for a $200 million credit card fraud ring.
Laundry Detergent: Black Market Currency
San Bernardino police raiding houses expecting to find
drugs, instead found bottles of laundry detergent. The
household staple has become currency on the black market,
traded for drugs or sold at open swap meets. Tide and Tide
Pods are the most popular brands. "The Tide thefts are part
of what merchants have told the National Retail Federation
is an increase in organized groups stealing for resale many
products that people use every day: razors, beauty supplies,
allergy medicine." “This is not shoplifting we’re talking
about,” Rich Mellor, vice president of loss prevention for
the NRF said in a phone interview from Washington, D.C.
“It’s a criminal enterprise to make a significant profit.”
Retailers are fighting back, by making the bottles harder to
reach, or attaching electronic devices that sounds off an
alarm if not removed at the register.
Atlanta Police bust 3 brothers who set up fake electronics
Three men have been arrested in Atlanta and charged with
setting up fake companies to order electronics and re-sell
them. Rodney Sandridge, his brother Antonio Sandridge and
Omeed Sheikh-Sajjadieh were arrested June 11 after
undercover police watched Rodney Sandbridge receive $30,000
worth of laptops ordered through Tech Data Corp., a Florida
company with a warehouse in Atlanta that distributes
electronics on a wholesale level for manufacturing
companies. The Sandridges had ordered the laptops using the
name Enterprise Analytical, a fake company they created,
according to police. Clients under Tech Data had already
reportedly been robbed of $230,000 by the suspects,
according to a press release.
Four Charged in ORC case in Washington State liquor store
Police suspect these thefts were spurred by the passage of
Initiative 502 passed June 1, which allows private parties
with liquor licenses to sell alcohol. Since that initiative
passed, several grocers have complained of skyrocketing
losses from liquor theft. Charles Askew, Devonte Jack,
Darren Dean and Blake Kirvin conspired to steal high-end
liquor from Safeways, QFCs and Top Foods by concealing the
product in their shirts and pants. On one occasion, a group
stole 11 bottles of vodka valued at over $4500.
New Zealand ‘Bay of Plenty’ sees dramatic increase in
Organized Retail theft; looking for help.
The Supre store in the Bay of Plenty has been targeted by
organized gangs of shoplifters who have even threatened the
employees. The manager of Supre and other retailers are
looking for help. Supre estimates the inventory loss from
the one location to be over $31,000. Shoplifters enter the
store in groups as large as a dozen and hit and flee the
store before police can arrive.
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