Four U.S. citizens were arrested in California Wednesday in connection with a massive, 300 million euros (USD $346 million) international credit card fraud scheme based in Germany, in which compliance officers were allegedly complicit, according to the U.S. Department of Justice (DOJ).
The criminals, who were spread across Canada, Cyprus, Italy, Luxembourg, the Netherlands, Singapore, Spain, and the United Kingdom, in addition to the U.S. and Germany, falsified millions of small, recurring charges on credit and debit cards, some linked to fictitious merchants, starting in 2016.
