Latest news with #creditcardfraud
CTV News
12-07-2025
- CTV News
Police search for suspects who allegedly used stolen card info to buy gas in Brampton
Police say they are searching for the men in the photos in connection with a fraud investigation. (Peel Regional Police) Peel police are looking for two suspects who allegedly used stolen credit card information more than a dozen times to buy gas in Brampton, spending over $12,000. Police said they got multiple reports of two people using the stolen credit card information in the area of Queen Street East and Delta Park Boulevard, east of Airport Road, between May 13 and June 5. 'The suspects are seen using the stolen credit card information to obtain gasoline for large commercial trucking vehicles,' police allege in a news release on Saturday. It occurred on 19 separate occasions, resulting in the credit card owner losing over $12,000. On Saturday, investigators released images of the suspects, who they say are both South Asian males. One suspect is between 35 and 40 years old with a heavy build, a black beard or moustache, and was wearing a reflector vest, an Adidas shirt, brown cargo pants, and green running shorts. The other suspect is believed to be 25 to 30 years old, with a medium build, a black beard and moustache, black hair with shaved sides, and was wearing a black jacket, grey sweatpants, and a grey Fila sweater. Police are asking anyone with information to contact them at 905-453-2121 ext. 2133 or Crime Stoppers anonymously at 1-800-222-TIPS (8477).
Yahoo
26-06-2025
- Business
- Yahoo
Canadian man livid after bank deems $35K worth of charges from all over the world on his credit card are legit
Your credit card can be a lifeline in tough financial times, but it can also turn into a nightmare in the blink of an eye. Just ask Andrew St. Hilaire, a small business owner who recently discovered his credit card had been compromised. The damage? A staggering $35,000 in unauthorized charges spanning multiple countries and continents — a spending spree that somehow bulldozed past his $23,000 credit limit. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it 'It was charges after charges for jewelry, perfume, pharmacy stuff, but big ticket items, and then they'd stop for a steak and dinner somewhere,' St. Hilaire shared with CityNews from his home in Winnipeg, Manitoba. But the real shock came when his bank, The Bank of Montreal (BMO), looked at this international shopping bonanza and determined that everything looked legitimate, refusing to classify the transactions as fraud despite the extremely unusual pattern of spending. Now St. Hilaire finds himself locked in a financial predicament that would make even the most seasoned accountant break into a cold sweat. It all began in January when St. Hilaire discovered the fraudulent shopping spree that racked up a $34,447 bill and overshot his credit limit by more than 50%. While BMO hasn't explained why it approved $12,000 beyond Hilaire's credit limit, this isn't uncommon with business credit cards. Banks often allow transactions to exceed stated limits, especially for business accounts. When fraud occurs, multiple transactions can be processed simultaneously before the system flags suspicious activity, pushing the total well past the ceiling without triggering immediate blocks. When he contacted BMO, St. Hilaire was told his fraud claim was invalid and that he didn't do enough to protect his card. BMO told St. Hilaire that it had sent a one-time passcode to his email for two-step verification, and that passcode was reportedly used to gain access to his account. 'I didn't get that email,' St. Hilaire stated. 'If I had seen it, I probably would have looked into it and found the fraud sooner.' St. Hilaire also notified BMO about a fraudulent $5,000 payment to his credit card from his bank account that he says he didn't make. According to BMO, that payment allegedly came from a device that St. Hilaire used in the past. After exhausting most of his options, St. Hilaire has filed a police report, as well as a claim with the Canadian ombudsman for banking services and investments. Read more: You don't have to be a millionaire to gain access to . In fact, you can get started with as little as $10 — here's how It's a scenario that plays out worldwide, and while this might seem rare, the numbers tell a different story. Approximately 7% of legitimate fraud claims end up denied, according to leaving cardholders to shoulder the financial burden themselves. Here are some common reasons why credit card issuers might reject your fraud claim: The 'familiar fraud' flag: If the fraudulent purchase fits your spending pattern or location, your card issuer might assume you made the purchase and you're just having buyer's remorse and trying to pull a fast one. Reporting delays: Credit card companies are skeptical of claims made weeks or months after the charge. Even though federal law gives you 60 days, many issuers start looking sideways at reports made after just a few days. Shared account access: If you've ever given your card or PIN to a family member or friend, the issuer might argue you authorized that person to use your account, making all their purchases 'authorized.' Cardholder negligence: If the card company believes you failed to protect your card information, it might hold you responsible. Transaction verification methods: For large transactions, if there's evidence of a signature, PIN entry or two-factor authentication, card issuers will often conclude that it must have been you who approved the purchase. When your credit card company plays hardball with a fraud claim, it's time to switch from defense to offense: Escalate within the company: Ask to speak with a fraud department supervisor or manager who might have more authority to overturn decisions. Request all evidence and documentation from your credit card issuer. File complaints with regulatory authorities like the Consumer Financial Protection Bureau. Contact your state attorney general's office. St. Hilaire is taking many of the necessary steps. But with his fraud claims shot down and BMO ending its business relationship with him because of his 'fraud risk,' St. Hilaire is left wondering how any of this happened in the first place. 'Passwords, virus protection. I don't know how things were compromised,' said St. Hilaire. 'I've never lost a card, and I have the virus protection and the safeguards on my computer, which is what a reasonable person would have.' Of course, the best protection against fraud is prevention. Here are a handful of practical tips to protect you from fraudulent charges on your bank accounts: Set up instant alerts on your phone for all transactions: This single step catches most fraud within minutes, letting you shut it down before thieves can rack up multiple charges. Inspect before you swipe: Give card readers at gas stations and ATMs a quick wiggle, as skimmers often feel loose. Stick to bank ATMs when possible, as most card skimming happens at convenience stores. Use virtual card numbers for online shopping: Most major card issuers now offer this feature that creates temporary numbers for online purchases, keeping your real card number protected. Don't store your card info on websites. Check your accounts weekly, not monthly. Credit card fraud is a global problem, with billions of dollars being scammed from unsuspecting cardholders. And since the next scammer tactics are constantly being developed, vigilance (and a little bit of knowledge) is essential for staying safe. 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CNA
26-06-2025
- CNA
Jail for man who drove two others around Singapore to commit credit card fraud
SINGAPORE: A man roped into a scheme to buy and resell iPhones using stolen credit card details was jailed for 23 months on Thursday (Jun 26). Tang Chin Huat, 27, was asked by his childhood friend, Ding Jiun Hao, to participate in the plan with both agreeing to split their profits. The person who allegedly proposed the scheme to Ding, Liau Wei Zheng, is at large and believed to be in Malaysia. Ding's case is before the courts. Tang pleaded guilty to two out of nine charges of cheating, and one count of removing criminal properties from Singapore. The remaining charges of cheating were taken into consideration for his sentencing. In November 2024, Liau asked Ding if he wanted to earn extra money. Liau said that a person would hand him credit cards and they would buy "as many iPhones as possible in Singapore" with the cards to resell in Malaysia for a profit. The credit cards belonged to people who did not know that their credit card details had been stolen. Liau was promised a profit of RM500 (S$151) for each phone sold, and he offered to share the profits with Ding. Ding, who did not have a car, then suggested bringing Tang into the scheme. Tang, a Malaysian, worked as a driver ferrying customers between Malaysia and Singapore. Tang agreed to participate in exchange for 25 per cent of the profit. On Nov 8, 2024, Tang drove Liau and Ding from Malaysia to visit four mobile phone stores in Singapore. Before buying the phones, Liau would call an unknown person to ask for credit card details, which would be stored in an e-wallet. Liau then paid for the iPhones by scanning his phone on the respective stores' payment terminal using the victims' credit cards. Ding then collected the receipts and kept the mobile phones in his bag. Meanwhile, Tang waited in the car. A total of eight cardholders had their credit card details misused. That day, the trio bought a total of 23 phones worth S$45,291.20 (US$35,504) from the four stores. The staff from one of the stores found the large purchase suspicious and requested a passport verification from Liau before handing over five of those phones. Liau and Ding left without them. Hence they had a total of 18 iPhone 16 Pro Max models, valued at S$39,751.20. At around 8pm, the trio entered Malaysia. The next day, Liau sold the mobile phones in Malaysia, and met Ding and Tang at his condominium. Tang and Ding each received RM2,250 from Liau for their roles in the scheme. Ding was arrested when he entered Singapore on Nov 10 to ferry passengers in Singapore. Tang found out that he was wanted by the Singapore police from newspapers and entered Singapore on Nov 24 to surrender himself. He was arrested and has since made restitution of S$2,000. The prosecution sought 23 to 25 months for Tang, describing the offence as transnational and syndicated. "The offending was sophisticated due to the use of technology to reduce detection risk. The victims' stolen credit card details were sent via phone by unknown persons and then stored in the main accused Liau's phone electronic wallet for payment.
CBS News
20-06-2025
- CBS News
Credit card skimmer found at dollar stores in Wilkins Township
In Wilkins Township, a credit card skimmer was discovered at a place meant to save shoppers money. Employees told KDKA-TV a false keypad was removed from a point-of-sale machine inside the Dollar Tree on William Penn Highway. A photo also shows the skimmer inside the Family Dollar next door. People who work at both locations say it was found at the Dollar Tree on Friday morning. "I think it's horrible in these times; the economy is bad, people are struggling, and then you're stealing from them," said customer Clifford Howard. "I just pay cash." That's because a month ago, Howard was scammed, and his bank information was stolen. "Matter of fact, I pay in cash everywhere. I'm just playing it safe." Howard continued. "Some places don't take cash anymore, so what I do is I tap and when it says to enter your PIN, I hit decline." It's unclear when the skimmer was attached, who committed the act, and how much of the customers' information may have been compromised. "Could be an inside job, could be they don't know what's going on, but today's world," said Richard Granger. Store employees say the matter is under investigation by corporate. Customers want whoever did this to be held accountable. "I hope you end up in jail," said Granger. "I hope you get caught," Howard added.
Khaleej Times
15-06-2025
- Khaleej Times
Dubai: Man jailed, to be deported for making illegal purchases with stolen credit card
A Dubai court has sentenced an Arab man to one month in prison, fined him Dh7,596, ordered the confiscation of the device used in the crime, and ruled for his deportation after he was found guilty of using a stolen credit card to make illegal purchases. According to a report by Emarat Al Youm, the man was referred to the Dubai Misdemeanor Court by the Public Prosecution on two charges: unlawfully using a credit or debit card or its data to obtain funds, and unauthorised access to sensitive digital information, including bank account data and electronic payment methods. Despite the defendant denying the charges, the court found sufficient evidence to convict him. The defendant did not appeal the verdict. This comes just months after a similar high-profile incident in March, where a Dubai-based Asian doctor discovered her credit card had been used to make 14 unauthorised transactions totalling over Dh120,000, all while she was in the operating room performing a surgery. In that case, the doctor told Khaleej Times she only learned about the fraudulent activity after leaving the operating theatre. She was left in shock after being held accountable for the charges by her bank, despite never having authorised the payments. Cybersecurity experts warn that such cases are becoming increasingly common in the UAE, with some public sector institutions facing up to 50,000 cyber threats daily. But customers affected by banking fraud say they are often met with blame, silence, or harassment by debt collectors, rather than receiving support or protection. As online transactions grow, so do the loopholes exploited by criminals. Experts urge residents to monitor their accounts closely, enable transaction alerts, and report suspicious activity immediately.
