July 11, 2016
European and Malaysian authorities arrested 105 suspects who they claim are part of an international crime ring that fabricated fake credit cards and used them to defraud users all over the world, being responsible for illegal transactions of more than €5 million ($5.5 million).
Authorities arrested 29 suspects in Malaysia and another 76 in Europe, following a two-year investigation. They also raided two locations where the organized crime group was producing illegal but very high-quality fake credit cards.
The criminals were supposedly using stolen credit card details to manufacture fake credit cards, which they would later use in electronic stores or duty-free shops at airports all over the world. Most of the time, crooks were buying jewelry or expensive watches at European airports, later reselling these goods for cash.