JPMorgan Chase Suffers $1,000,000 Loss After Scammers Lift Customers’ Credit Cards, Increase Limits and Alter Account Information: Report
A credit card scheme has sparked a huge loss of $ 1 million for JPMorgan Chase, according to a new report.
Two Houston men admitted to being part of a program to steal new credit cards and bank reports by post, reports Fox 26.
At least 120 credit cards have been stolen in the program, criminals activating cards, increasing credit limits and changing account information.
This week, Bradley Kane Zarco, 39, and Travis Castaneda Qawasmeh, 28, pleaded guilty to the use of cards to buy retail items, gift cards and withdraw money in six months.
Three others – Christopher McGee, 43, Daniel Sanchez, 37, and Omokehinde Muyiwa Oyegoke -Tewogba, 64, also pleaded guilty in the case.
Sanchez was sentenced to 41 months in prison in February, and the other men faced five years for conspiracy, Christopher McGee being also faced with a compulsory mandate of two years for an aggravated identity theft.
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