Georgia uncovers 1.5m GEL international credit card fraud scheme
Tweet 
Share
The Investigation Department of the Ministry of Finance of Georgia has uncovered an international fraud scheme.
Today the Investigation Department announced 10 people had been arrested for making and using fraudulent credit cards.
As a result of a search, it was revealed accused [10 individuals] were illegally acquiring data from magnetic credit cards belonging to citizens from the US, Canada, Brazil, Mexico, Hawaii and South Korea."
Later [the accused] used special technical devices to make the fraudulent credit cards in Georgia and the personal data [from the international victims] was imprinted onto the magnetic strips of the fake cards,” announced the Investigation Department.
In total the criminal group earned 1.5 million GEL (about $625,000 USD) through the illegal activities, damaging not only the people whose personal data they used but the commercial banking system as well.
If found guilty the 10 alleged offenders will be arrested and face a prison sentence from four to nine years, depending the charges.
Georgian and American law enforcement agencies are intensifying their collaboration so the sides can share information and better investigate criminal cases.
The Investigation Service of the Ministry of Finance of Georgia has unveiled a large-scale criminal scheme resulting in the loss of almost two million Lari from state coffers.
The Ministry of Internal Affairs has arrested three founders of the FX Business Group on accusations of cybercrime and securities fraud.
The General Prosecutor's Office of Georgia has revealed a transnational crime involving the management of six hotels operating in Georgia which entered into a deal with a criminal group in order to fraudulently misappropriate funds belonging to various individuals and legal entities.
Officers of Anti-corruption Agency of the State Security Service (SSS) of Georgia have detained four individuals for fraud.
The Georgian police have detained the owner of Scarpa lounge bar in Tbilisi for defrauding tourists. The individual, identified only as L. M. and born in 1989, together with his employees were replacing orders to extort more money from their clients.
The Prosecutor’s Office of Georgia has charged two individuals for appropriation of 239,450 GEL (about $74,000/€67,400) from Khalik Bank Georgia through a fraudulent scheme.
Law enforcers of the Anti-corruption Agency of the State Security Service of Georgia have arrested the Chief Accountant of the Gori Municipality Culture and Tourism Development Promotion Agency, the state authority announced on Thursday.
Kutaisi City Court in Georgia’s west has charged an individual with fraudulent embezzlement of money from citizens using false pretenses, including a promise of releasing a prisoner from detention, the Prosecutor’s Office said on Wednesday.
The Georgian Prosecutor General’s Office has launched proceedings against three citizens of Georgia and Nigeria, who have been charged with appropriation of funds from foreign citizens through fraud and money laundering.