Complete Story
 

10/06/2021

Charges: Fraud ring ran ‘credit mule’ phone-buying scheme at Walmart, bilking $300K

Twin Cities

A fraud ring involving 15 individuals in Walmart stores in Ramsey and Dakota counties cost the retailer and a cellphone company $300,000, according to criminal charges filed this week.

The scheme involved eight people who used “credit mules” to purchase cellphones and contracts and seven store vendor employees who benefited from bonuses by selling the phones to fraudulent buyers, authorities said.

“This case is an example of our investigators’ commitment helping people who have been victimized,” said Natalie Davis, spokeswoman for the St. Paul Police Department. “Fraud investigations are incredibly complex, time consuming and important. Anything we can do to help people who’ve fallen prey to scammers and prevent future victims is a success.”

Read more...

Printer-Friendly Version


Resources

Alerts

The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

more information
Resources

Resources

Your electronic library to help in fighting financial fraud for all of our partners.

more information