Watchout fraudsters are watching your credit card

In Canada, a highly drilled scheme of fraudsters cloned credit cards in Montreal, Vancouver and Toronto netted over $2 million within a year. The fraud constituted layers of people with vendor terminal cloned by fraud agents and credit cards copied, reproduced and distributed to another group of fraudsters who withdrew cash through multiple transactions from several ATM in various cities. Though the police dragnet caught up with the culprits it can not be ascertained the whether credit and debit cards are a hundred per cent free from fraudsters' long arm.
A man who may have stolen as much as $70,000 a week by slithering beneath theater seats while movies were playing and lifting credit cards from women’s’ pocketbooks was convicted Monday of fraud and identity theft crimes. Anthony Johnson, 49, and a string of accomplices used the stolen cards to collect thousands of dollars in cash advances from Connecticut’s gambling casinos and to make tens of thousands of dollars more in retail purchases. On a “good” weekend, Johnson collected $50,000 to $70,000 from the scheme, one of his accomplices testified last week at his trial at U.S. District Court in Hartford. He had to settle for $30,000 or $40,000 on a bad weekend, the accomplice said.