Scammers Stole Millions Using Micro Charges to Credit Cards

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A gang of unknown thieves has stolen nearly $10 million using micro charges made to more than a million credit and debit cards in an elaborate multiyear scam, according to a lawsuit filed by the Federal Trade Commission in March.

Have any of these company names appeared on your bank card statement? The FTC says they were front companies used by scammers to make nearly $10 million in charges to consumer credit and debit card accounts.

The fraudulent charges went unnoticed by the majority of card owners because they were made in small amounts — ranging from 20 cents to $10 — that bypassed fraud detection algorithms, and because the scammers typically made only one fraudulent charge per card.

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