iBankCoin
Joined Nov 11, 2007
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MENACE II CYBERSPACE: U.S. Gangs Turn from Streets to White-Collar Crime Online

When is credit-card theft a good thing? When the culprits might otherwise be killing you.

The Federal Bureau of Investigation says national gangs like the Bloods and Crips are becoming more sophisticated, turning to white-collar financial crime and cyber attacks that threaten Corporate America and, well, everyone.

The evolving criminal schemes, which include mortgage fraud, counterfeiting, bank and credit card fraud and identity theft, are attractive because they are much less risky than traditional gang-related crimes such as murder, drug trafficking and robbery, and have the potential to yield much greater profits, according to a new national gang threat assessment from the FBI.

Read more: http://www.foxbusiness.com/technology/2011/10/28/from-streets-to-cyberspace-us-gangs-turn-to-white-collar-crime/#ixzz1cCp81SMb

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One comment

  1. kedzilla

    Well theres lots of competition in the mortgage fraud game with the big boys – namely BAC

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