Police round up credit card fraud ring in Montreal. Terry Cutler is also in this inerview

Police round up credit card fraud ring in Montreal

Police in Quebec have arrested 45 people and seized more than 12,000 counterfeit bank cards in raids on an international fraud ring that cloned cards and pilfered cash from victims’ accounts.

“We believe that we’ve put an end to a significant operation that was in operation here in the province,” said Supt. Guy Pilon of the RCMP.

“Internationally, it is a reality that is obviously evident in all countries today. The advent of the technology creates opportunity for the public, but also for criminal organizations that want to defraud individuals.”

Estimated to be worth 100 million dollars, the operation stems from Montreal to Malaysia. We also hear from security expert Terry Cutler.

more at http://www.cbc.ca/news/canada/montreal/story/2012/05/09/international-fraud-ring-montreal.html