Operators Of Web Site Admit Role In Online Identity Theft Ring

Six more people pleaded guilty Thursday to operating a Web site that investigators claimed was one of the largest online centers for trafficking in stolen identity information and credit cards.

With others who pleaded guilty in recent weeks, that brings to 12 people who acknowledged roles with the site, http://www.shadowcrew.com, which had about 4,000 members who dealt with at least 1.5 million stolen credit card numbers and caused more than $4 million in losses, federal prosecutors said.

"The losses incurred were to the issuing banks and MasterCard, Visa, American Express, who reimbursed those who were victimized by these crimes," Assistant U.S. Attorney Kevin O'Dowd said. Newsday.com: Operators of Web site admit role in online identity theft ring

Linked by shanmuga Friday, 18th November 2005 4:48AM