Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Wednesday, May 22, 2024 | Back issues
Courthouse News Service Courthouse News Service

14 Tackled for $30M Credit Card Fraud Scheme

(CN) - Manhattan authorities arrested 14 members of a criminal ring that has netted $30 million in credit card and bank frauds committed over the last decade.

The defendants, who were arrested Thursday, collaborated with various merchants to charge credit cards for goods and services that were never provided, according to a federal indictment.

In one case, prosecutors say Ezaz Choudhury and Zia Alam obtained $500,000 mortgage and home equity loans using a fake name and social security number.

The other defendants are Rashed Ahmed, Firoz Milon, Mohd Altaf, Mohammed Alam, Shajahan Kabal, Mohammed Miah, Shamsul Afrin, Manjur Alam, Mohammed Kawsher, Mazharul Mamun, Azm Sarwar and Matiar Rahman.

The defendants are charged variously with conspiracy to commit credit card fraud, bank fraud, mortgage fraud and identity theft.

The case was assigned to U.S. District Judge Kimba Wood.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.