February 6, 2013, - 5:11 pm
There are several crimes of which–whenever the schemes are foiled by the feds–I can almost always bet that the perpetrators come from a certain religion, culture, and region of the world, whose greatest export (other than extremism) is its brazenness in working the system and screwing the infidels. Credit card fraud, mortgage fraud, Medicaid fraud, Medicare fraud, food stamp/Bridge Card fraud . . . these are the crimes whose perpetrators are overwhelmingly members in a religion that is still just a tiny percentage of our population but dominates these scams and rip-offs. And so it goes with yesterday’s announcement that the feds busted what is either the largest or one of the largest credit card fraud rings ever busted in U.S. history.
As soon as I heard the news, I immediately figured out who’d be involved, and yet most news reports didn’t give names. I think we know why. It’s the three monkeys (none of ’em the Iranian space monkey) when it comes to this particular religion, while Christianity is constantly raked over the coals. The scam here, called “busting out,” is frequently used by those tied to Islamic terrorism (including convicted Hezbollah terrorist Nemr Ali Rahal). Guess the religion:
An international credit fraud ring racked at least $200 million in fraudulent charges to acquire luxury cars, gold and high-end goods, and funnel millions in cash overseas, federal prosecutors said Tuesday. The elaborate scheme — one of the largest ever uncovered by the U.S. Justice Department — started small but eventually spread to 28 states and eight countries. Prosecutors revealed the charges in a criminal indictment against 18 alleged conspirators and say they supported a massive network of co-conspirators that’s expected to lead to more indictments.
The scam began in 2003 as false identities were used to create credit profiles with major credit bureaus, prosecutors say. Some were completely fictitious; others were created using Social Security numbers matched to someone with the same name. In other instances, fake pay stubs and tax returns were used to get credit cards.
Prosecutors say the accused pumped up their credit worthiness by making small purchases and paying off the charges, enabling them to run up credit lines and make large charges that were never repaid. By 2012, they had created more than 7,000 false identities to obtain more than 25,000 credit cards. Millions in cash were wired to Pakistan, India, the United Arab Emirates, Canada, China and Japan. . . .Losses are pegged at more than $200 million but are expected to grow.
At least eight in the group — Babar Quresh, Muhammad Shafiq, Ijaz Butt, Qaiser Khan, Shafique Ahmed, Muhammad Naveed, Khawaja Ikram and Nasreen Akhtar — have been unemployed since 2008.
Prosecutors identified Qureshi and Shafiq were identified as the group’s ringleaders, and linked Shafiq and his brother, Naveed, to 464 credit cards and nearly $2.6 million in losses. Some of those charged also stockpiled cash. At one defendant’s home, arresting officers found $68,000 in a kitchen oven.
Some of the defendants are accused of setting up 80 sham companies with little or no legitimate business operations, including jewelry stores in Jersey City, N.J. Those businesses accepted credit card payments and provided bogus credit reports that helped inflate fake cardholders’ credit ratings. . . .
Identity theft experts say given the extensive use of fake identities, the case is unusual. “They take disparate pieces of personal identifying information and create a bionic person,” says Adam Levin, chairman and co-founder of Credit.com and Identity Theft 911.
The fact that they could take existing Social Security numbers and combine them with a different person’s name shows that system is not working.
“We have to come up with new, unique identifiers,” Levin says. “If they have the Social Security numbers of other people, have those numbers been resold to other people? This is the crime that keeps on giving.”
According to the complaint and officials, most of the 18 defendants have ethnic ties to Pakistan. Six of them live in New Jersey (including four in Iselin); one in Philadelphia, and the rest in New York. Some of the defendants may be related, officials also said, while adding that the entire scheme had strong ties to Jersey City — including to three jewelry stores on Newark Avenue named Ashu Jewels, Tanishq Jewels and Raja Jewels.
Exit Question: How much money from this scam went to fund Islamic terrorism? It’s likely that at least some of it did. But don’t count on the mainstream media or anyone else to raise the question.
We wouldn’t want anyone to get the wrong idea about these charmers from Pakistan who only come here with America’s best interests at heart.
Uh-huh . . . just a little taste of more of the fantastic immigrants that make America great and to whom we should give paths of citizenship. Notice that there is nothing in the story about the citizenship or immigration status of these fine specimens of Paki-American cutural life.
Tags: Ashu Jewels, Babar Quresh, Babar Qureshi, credit card fraud, credit card fraud ring, Ijaz Butt, indictment, international credit fraud ring, Islam, Jihad, Khawaja Ikram, Muhammad Naveed, Muhammad Shafiq, Nasreen Akhtar, Pakistan, Qaiser Khan, Raja Jewels, Shafique Ahmed, Tanishq Jewels