State Crime Reports

29 Defendants Facing State or Federal Charges for Alleged Roles in ‘Cracking Cards Schemes Costing Banks Millions of Dollars

CHICAGO —(ENEWSPF)–October 30, 2014.  Twenty-nine 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. Six Indiana defendants include four men who are part of a group that has posted Internet rap videos referring to the cracking cards scheme…

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