Khawaja Ikram of Staten Island, N.Y., has pleaded guilty to his role in an international $200 million credit card fraud conspiracy. The scheme involved fabricating more than 7,000 false identities to obtain tens of thousands of credit cards. Members of the conspiracy, including Ikram, doctored credit reports to pump up the spending and borrowing power associated with the cards, prosecutors say. The case highlights the need for continuous monitoring of transaction activity, says NICE Actimize’s Wesley Wilhelm.”]
Source: https://www.cuinfosecurity.com/200-million-fraud-case-more-guilty-pleas-a-6844