Carderprofit.cc Was FBI Carding Sting, Nets 26 Arrests

tsu doh nimh writes in with news of a major sting operation against carders. From the article: "The U.S. Justice Department today unveiled the results of a two-year international cybercrime sting that culminated in the arrest of 26 people accused of trafficking in hundreds of thousands of stolen credit and debit card accounts. Among those arrested was an alleged core member of 'UGNazi,' a malicious hacking group that has claimed responsibility for a flood of recent attacks on Internet businesses." The trick: the FBI ran a carding forum as a honeypot.

the fact that this worked is

[nopainogain]

HILARIOUS.. I mean it reminds me of the dick-tracy parody bugs bunny cartoon yeaaaaaars ago where the villains' hideout was marked by a blinking marquee and neon signs that said "secret hideout" or something. how dumb are the criminals that fall for this?

Re:The trick?

[X.25]

Sure they did. Those poor innocents, tricked into doing something they weren't already doing.

They spent 2 years trying to bait 26 idiots, instead of chasing real criminals.

You don't seem to understand the difference.

Re:The trick?

[DrXym]

So why were people dealing in large volumes of stolen credit cards not "real criminals" then?

Meanwhile fraud-ring-in-hacking-attack-on-60-banks

[Anonymous Coward]

http://news.sky.com/story/952931/fraud-ring-in-hacking-attack-on-60-banks

Re:It's self-promotion ....

[moeinvt]

It's a matter of their priorities. They waste 2 years and countless amounts of time and resources to bust a mere 26 carders?

Meanwhile, well documented white collar crimes committed by the banking cartel are largely ignored. The FBI reported back in 2003 that there was an "Epidemic of Fraud" in the mortgage market but we didn't see an epidemic of investigations and prosecutions.

I guess the carders need to hire some lobbyists so that they too can buy a federally issued license to steal.