State Crime Reports

Eleven Defendants Charged with Bank Fraud for Maxing Out Fraudulently Obtained Credit Cards

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CHICAGO —(ENEWSPF)–October 14, 2016.  Eleven people fraudulently obtained multiple credit cards and quickly maxed out the credit limits, with no intention of ever paying back the balance, according to an indictment unsealed in federal court in Chicago.

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The defendants applied for the credit cards online, using false employment and income information to secure approval and bolster the credit limits, according to the indictment.  Upon receipt of the cards, the defendants purchased goods and services, and…

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