December 28, 2010

Update on Scam

Thanks to a commenter, I found out more info on the scam. 

The link is here:

Here is an exerpt from the post:
FRAUD ALERT: 365WEBELECTRO 209-676-5931 aka 365WEBELECTRO.COM is a fake front company. They are part of a very large group of fraudulent websites processing hijacked card data into cash. The card data fraud laundering operation is ran by a multi year eastern European Organized Crime Syndicate.

The fake sites are set up exclusively to process stolen card data and launder the charges into cash. The stolen funds are then wired in bulk from US banks to various foreign banks in Bulgaria, Latvia, Kyrgyzstan, and Cyprus, to fraudulently established beneficiary accounts of assorted offshore shell companies. Some of the stolen funds have ended up in the Ukraine. Funds to support the US component of this massive multi year fraud operation, (e.g. to pay the AUTHORIZE.NET and BANK set up fees) have been detected coming into the US in $1,000 increments via Western Union, originating from various cities in the Ukraine.

For more info, go to

1 comment:

Anonymous said...

Thanks for the information. It helped to explain the origins of some fraudulent charges to my credit card.