Revealed: New modus operandi of Identity Thieves
Photo by: SqueakyMarmot
Be warned when stuff you never bought arrives at your doorstep. As a new scam uncovered in Utah revealed, identity thieves have tweaked their modus operandi to literally have victims handover to them, goods purchased online with their victim’s card money. In a new move, fraudsters are using card holders’ addresses to receive goods purchased using their compromised credit card accounts.
Such frauds are known to be mostly committed by fraudsters from overseas. Until now, the fraudsters were seen to be employing people as ‘money mules’ to do this service. They would hire people online to work as re-forwarding or re-packaging agents for them. The fraudsters would give them a commission on every package they safely send across.
If and when the scam gets busted, the real fraudsters would go scot-free while the local agents would have a hard time explaining how they came to be in possession of the stolen goods.
Now fraudsters have done away with the need to hire somebody. They are now not only stealing from the card but also using the owner’s address for receiving the goods bought using it!
Card owners would naturally be surprised when items they never purchased turn up at their doorstep. They would immediately mean to send it back. So, they wouldn’t be surprised when the same day or the day after, somebody comes to pick the package saying it was all a mistake. Folks who turn up to collect the goods claim they were hired by the seller to have the goods sent back. Card owners wouldn’t realize they were really accomplices of fraudsters come to take away stolen goods.
The fraudsters are counting on card owners not discovering the scam early. Card owners would only come to know of the scam, if they check their credit card account statements and discover the suspicious transactions.
This gives one more reason to keep a close watch on your account statement. Noticed early, it can become an opportunity to set a trap for the fraudsters and turn the tables on them.
Source: Ksl.com
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October 31st, 2008 at 10:09 am
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October 31st, 2008 at 10:12 am
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October 31st, 2008 at 10:16 am
[...] Revealed: New modus operandi of Identity Thieves [...]
October 31st, 2008 at 10:24 am
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October 31st, 2008 at 10:46 am
[...] Revealed: New modus operandi of Identity Thieves Categories: Cons & ScamsTags: 419-legal-forum, credit-card-fraud, fraud, fraud-and-scam-news, [...]
October 31st, 2008 at 10:48 am
[...] Revealed: New modus operandi of Identity Thieves [...]
October 31st, 2008 at 11:49 am
[...] Revealed: New modus operandi of Identity Thieves Photo by: SqueakyMarmot Be warned when stuff you never bought arrives at your doorstep. As a new scam uncovered in Utah revealed, identity thieves have tweaked their modus operandi to literally have victims handover to them, goods purchased online with their victim’s card money. In a new move, fraudsters are using card holders’ addresses to receive goods purchased using their compromised credit card accounts. Such frauds are known to be mostly committed by fraudsters from overseas. Until no [...]
February 9th, 2009 at 2:36 pm
Interesting…they’re getting smarter every day.