Chicago police arrest rapper and 28 others for cracking cards this article is more than 5 years old group accused of stealing millions from banks after using video clips and social media to. Or maybe a webpage that claims to have a celebrity affiliation is offering a gift card giveaway. Although there are a number of card cracking methods, the most common involves scammers get a hold of a victims banking information in order to deposit bad checks and withdraw the funds as soon as they credit the victims account. Six defendants charged in card cracking scheme that targeted. Chicago six suburban men have been indicted on fraud charges for their alleged roles in a card cracking scheme that targeted members. Card cracking is a scam that can hit you with thousands of dollars of debt, a. Cracking is based on the idea that it is easy to obtain a credit card number, known as a private account number pan, together with the name printed on the card.
The scams tend to target young adults in particular, such as newly enlisted military personnel, students and single parents. Jul 23, 2015 the scam is called card cracking and it may start off innocently enough. Attorneys office in the northern district of illinois said 29 defendants from illinois and indiana faced federal charges in a cracking cards scheme that had its. Card cracking scams are cranking up on social media cbs news. A grand total of 178,733 chicago card and chicago card plus farecards are currently in circulation. Aug 18, 2015 the fbi, cook county state attorneys office and chicago pd collaborated on a threeyear investigation into the cracking cards scheme. Oct 29, 2014 ford was one of 29 people charged in illinois and indiana in an elaborate cracking cards scheme, a modern twist on oldschool checkkiting that authorities said has roots on chicago s south side. The fraudster deposits bad checks often online and then quickly withdraws them from the atm. Chicago police arrest rapper and 28 others for cracking cards. Twentynine charged in chicago with cracking cards bank. What is cracking bots in credit card fraud imperva. During the months of november and december of 2016, a crew of unknown individuals deposited fraudulent comcheks into bank accounts via the atm. Sep 29, 2015 card cracking scams are cranking up on social media. Authorities crack down on cracking cards, charging 19.
A card cracking advertisement will usually show a method that makes it appear as if the actions are quick and safe, and that they allow people to earn some extra cash without having to do much. Card cracking scams are on the rise, and they have very serious repercussions. Cardcracking, also called cardpopping, is one of the fastest growing forms of card fraud that no ones heard of, and its hitting credit unions. Chicago six suburban men have been indicted on fraud charges for their alleged roles in a card cracking scheme that targeted members of the u.
Chicago wls federal prosecutors have charged 29 people in a fraud scheme known as card cracking. Rap fans may sense an aftertaste of d\xe9j\xe0 vu about the plight of young ash, whose runin with card cracking echoes a similar case four years ago involving hiphop pioneer russell simmons and his signature prepaid rushcard although simmons intended the card to provide quicker access to funds for underbanked americans, its problemplagued 2015 rollout did quite the opposite, leaving. Chicago twentynine northern illinois and indiana defendants are facing state or federal charges following a coordinated investigation of cracking cards, a scheme that costs banks millions of dollars and has its roots on chicago s south side and is spreading to other cities through rap music and social media. In chicago, 29 defendants have been hit with a mix of federal bank fraud and conspiracy charges for their role in card cracking schemes that.
Chicago region meets governors phase 3 reopening criteria as illinois tops 500k coronavirus tests video. Scammers who commit debit card fraud will often contact students via facebook, twitter, instagram, or other social media platforms and request to use a students debit card to deposit a check into the students account. Ford was one of 29 people charged in illinois and indiana in an elaborate cracking cards scheme, a modern twist on oldschool checkkiting that authorities said has roots on chicago s south side. Authorities crack down on cracking cards, charging 19 wgntv. Chicago police arrest rapper and 28 others for cracking. Card cracking has been a prevalent means of scamming, with many swiping their way to new luxury items and other amenities. Lawenforcement from several agencies rounded up 19 people in chicago connected to their lengthy investigation of a growing scam cracking cards. Card cracking has remained one of these subtle schemes, and it is picking up momentum throughout the u. Originating from the south side of chicago, according to the fbi, the tactic is. Suspects arrested in cracking cards scheme glenview, il patch. Card cracking scams are cranking up on social media. Cracking cards is a scam which involves depositing a stolencounterfeit check into someones bank account and then using their debit card to withdraw the money before the bank realizes whats going on. Man gets five years in prison for cracking cards bank fraud. According to the report, this type of fraud is called card cracking and originated as organized crime in chicago.
The scam is called card cracking and it may start off innocently enough. Card cracking is a scam that can hit you with thousands of dollars of debt, a ruined credit score, and even criminal charges. A few rappers and rap groups have bragged about scamming in rhymes, with some being completely devoted to hitting licks of this nature. These people are enlisted to commit fraud against their bank. Its roots are on chicagos south side, and it is spreading to other cities through word of mouth at parties as well as. Originating from the south side of chicago, according to the fbi, the tactic is used by. Cbs 2 investigators, cracking cards, cred card scam chicago cbs a central figure in a debit card scam first exposed by the cbs 2 investigators now faces federal charges. Twentynine people in the chicago area face state or federal charges for involvement with a bank fraud scheme known as cracking cards, which found participants through rap. Group accused of stealing millions from banks after using video clips and social media to promise card owners easy riches. Card cracking is a credit card fraud technique that leverages bots software that runs automated tasks over the internet. Hammond a chicago man was sentenced monday to 21 months in prison for his role in a wideranging bank fraud scheme known as cracking cards. What you need to know about card cracking scams nextadvisor. Oct 30, 2014 chicago police arrest rapper and 28 others for cracking cards this article is more than 5 years old group accused of stealing millions from banks after using video clips and social media to.
Ford was one of 29 people charged in illinois and indiana in an elaborate cracking cards scheme, a modern twist on oldschool checkkiting that authorities said. What you need to know about card cracking rippleshot. Jul 18, 2016 card cracking was created when a series of new banking scams occurred in south chicago, as reported by the fbi. Card cracking case cracked by hudson police river towns. To date, 67,596 chicago cards are in circulation, with 4,686 of those issued in 2005. New york rapper is the latest to be charged for card cracking scheme. Card cracking can cause serious consequences for you this is the part that scammers dont want you to know. He received a lenient fiveyear sentence for his cooperation with authorities.
One such group is the pop out boyz, of new york city, who have various songs and videos. Card cracking was created when a series of new banking scams occurred in south chicago, as reported by the fbi. Customers who use chicago card, chicago plus or passes, and bus customers who use magnetic strip transit cards. Its roots are on chicago s south side, and it is spreading to other cities through word of mouth at parties as well as. Its roots are on chicagos south side, and it is spreading to other cities. Apr 27, 2016 scamming is the new big phenomenon in the streets. Cracking is based on the idea that it is easy to obtain a credit card number, known as a private account number. Oct 30, 2014 19 charged in cardcracking scheme news. By mary wisniewski chicago reuters twentynine people in the chicago area face state or federal charges for involvement with a bank fraud scheme known as cracking cards, which found participants through rap music and social media, prosecutors said on wednesday. Card cracking takes on many forms, but the most common is college students allowing a fraudster to have their debit card number and login information in exchange for some payment, and then deposit bad checks or run up charges, and have the student. At least 29 people have been arrested in the chicago area in connection to a growing scam called cracking cards. Shes not the first social mediasavvy rapper to be accused of recruiting fans to crack cards. Usually, con artists target their victims using social media, and through elaborate ploys, convince them to share information.
If you willingly give someone access to your bank account, your financial institution will not be able to recover your money. Card cracking is a type of account fraud and its increasing in frequency. For more information please visit our cookie policy and. New york rapper is the latest to be charged for card. You see a post on a social media site announcing a contest. Feb 09, 2017 during the months of november and december of 2016, a crew of unknown individuals deposited fraudulent comcheks into bank accounts via the atm. Six defendants charged in card cracking scheme that.
Gift card cracking is popular because its relatively easy to monetize and often done anonymously. Jun 20, 2017 chicago six suburban men have been indicted on fraud charges for their alleged roles in a card cracking scheme that targeted members of the u. Card cracking is a type of financial fraud in which the fraudster promises easy money to entice regular people into sharing their debit card, pin, and online banking credentials. Chicago reuters twentynine people in the chicago area face state or federal charges for involvement with a bank fraud scheme known as cracking cards, which found participants through rap music and social media, prosecutors said on wednesday. As soon as the funds were available, the money was. Oct 29, 2014 lawenforcement from several agencies rounded up 19 people in chicago connected to their lengthy investigation of a growing scam cracking cards. Its called cracking cards, a scheme that costs banks millions of dollars. Oct 30, 2014 dj akademiks speaks on chicago rapper bandman kevo being arrested among 28 others in a bank fraud scheme called cracking cards. The scammer asks you for your checking account information or debit card and pin. Attorneys office says suspects deposit bogus checks and. Suspects arrested in cracking cards scheme glenview.
If anyone offers to pay you to use your debit card and bank account, just say no. Its a serious problem and tends to impact college students, young adults, and members of the military. Cracking cards bank fraud nets defendant prison time. Man charged in connection with debit card scam cbs chicago. Oct 29, 2014 its called cracking cards, a scheme that costs banks millions of dollars. Card cracking 101 card cracking is a type of account fraud. And if its so popular and easy to do for thousands why doesnt everybody in chicago do it to get ahead.
May 21, 2015 card cracking has remained one of these subtle schemes, and it is picking up momentum throughout the u. Dj akademiks speaks on chicago rapper bandman kevo being arrested among 28 others in a bank fraud scheme called cracking cards. Authorities crack down on cracking cards, charging 29. This page provides an overview of our use of scripts and similar technologies and how to manage them. Man gets five years in prison for cracking cards bank. Authorities believe this scam started in the south side of chicago and has been on the rise throughout the united states. Oct 29, 2014 kevin bandman kevo ford, 26, is one of 29 defendants charged with being involved in the scheme in chicago and indiana. Kevin bandman kevo ford, 26, is one of 29 defendants charged with being involved in the scheme in chicago and indiana. Cracking cards suspects operate in groups with names like the rack boyz, posting images on social media, flashing cash and glorifying. The fbi, cook county state attorneys office and chicago pd collaborated on a threeyear investigation into the cracking cards scheme.
In a cardcracking case, crooks dupe a bank customer into turning over. Rapper young ash busted in card cracking scam targeting. Authorities crack down on cracking cards, charging 29 chicago. As a result of this investigation, christopher cain, 26, of chicago, was charged previously with bank fraud in u.