LAS VEGAS - (03/07/06) -- The FBI raided a house here lastWednesday and arrested two more Romania immigrants in connectionwith an international credit/debit card skimming scheme. Six otherRomanian nationals were also charged in New York and New Jersey inconnection with the ring and were being transported to Las Vegas toanswer the charges, according to the U.S. Attorney's office. TheRomanian gang apparently used skimmers attached to thepoint-of-sale to steal card information and PINs, then manufacturesas many as 600 counterfeit each day to withdraw cash or makepurchases, according to the FBI. The ring used the phony cards towithdraw cash at casinos in Las Vegas and Atlantic City, accordingto a criminal complaint obtained by The Credit Union Journal. Thesophisticated ring would only charge a few hundred dollars on eachcard, then throw it away to avoid suspicion. Those charged were:Stefan Naghiu, Marius Ciurea, Dumitru Niculescu, Vasile Tiganescu,Leta Remus, Valentin Gane, Roberto Popa, Marius Morea and DanielVaida. The latest arrests follow those of five other Romaniannationals in California in January who were charged with skimmingcard information at an Arco gas station, then using the informationto make phony cards and withdrawing cash and area casinos. Amongthe victims were members of: The Golden 1 CU, SAFE CU, Travis CU,Technology CU, San Mateo CU, Sierra Central CU, Star One CU, ValleyCU, Sacramento CU and Navy FCU and several major banks.
-
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
11m ago -
Powered by younger, affluent cardholders, American Express saw a 6% increase in billed business during the first quarter, while weak growth still plagues its small-business segment.
2h ago -
For the better part of the past decade, the Federal Reserve Board in Washington has played a more active role in presidential searches by regional reserve banks. The shift seems to have made the system more diverse, but some argue it's at the expense of regional bank independence.
2h ago -
Beth Johnson, a self-described math geek, is driving the bank's ESG strategy and training its employees to keep pace with industry trends.
4h ago -
The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
April 18 -
The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
April 18