Bulgaria Extradites Credit Card Fraudsters to Italy

Published: 09 August 2011

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Bulgaria extradited 19 suspected credit card fraudsters to Italy on Tuesday, said the Interior Ministry.  The individuals, all Bulgarian nationals, are accused of participating in an organized crime ring that defrauded EU card holders of over €50 million from bank accounts in EU countries.

 

The group members allegedly placed devices in ATM machines to “skim” the card data of more than 15,000 cards since 2008.

The extraditions follow last month’s arrests of 47 suspects in Italy, Spain, the United States and Poland.   The apprehensions are part of “Operation Shock,” a cross-border operation in conjunction with Europol and law enforcement in the US..

Thirteen suspects were handed over to Italian authorities at the end of July, while the rest were kept in Bulgarian custody awaiting trial.

Organized crime groups make about  €1.5 billion annually from ATM skimming scams in the EU alone.