Alleged members of credit card fraud ring stopped by Festus poli - KMOV.com

Alleged members of credit card fraud ring stopped by Festus police

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    One suspect was convicted. and two others have been charged in what police are calling a multi-state credit card theft scheme.

    More >

    One suspect was convicted. and two others have been charged in what police are calling a multi-state credit card theft scheme.

    More >

FESTUS, Mo. (KMOV.com) – Police say they are shutting down a huge credit card fraud ring.

Zach Naeger is one of many credit card fraud victims. He said, “I was in Virginia and the charges were coming up in California."

In Naeger’s case, police say suspects were spending tens of thousands of dollars and paying for it with other people’s credit cards.

Police are believed to have hit at least seven home improvement stores from Chesterfield to Festus.

Investigators say two of the suspects are only 20-years-old and the other is 22-years-old. They say the trio drove a rented car from Detroit to the St. Louis area. They used a common method for taking stolen credit card information and using it like an ATM.

The suspects used Naeger’s debit card information.

"It was like $200 withdrawals until it was all gone and it was a gas station in California that the charges were coming from."

On April 21, employees at the Lowe’s in Arnold alerted police about possible credit card fraud when three men tried to buy $3,000 in gift cards, but were only able to purchase $1,000. Then Arnold police alerted detectives in Festus. Police then investigated the Lowe’s store in Festus.

The suspects were arrested after they left Lowe’s. Detectives discovered cloned credit cards, fake ID’s and $22,000 worth of gift cards purchase at Lowe’s and Home Depot stores around the Metro area.

The thieves purchase gift cards with stolen credit cards like an ATM. Their system is to get their hands on quick cash. The suspects from Detroit only had $500 gift cards.

Detective Terry Thomas, Festus Police Department said, “Once they get the gift cards, they can give them to anyone, sell them and they've got $500 worth of free money."

Since this case involves suspects from another state and fraudulent purchases in at least six different jurisdictions, police say the case has been turned over to the FBI.

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