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Four Arrested By Simi Valley Police In What’s Called Multi-Million Dollar Southern California Fraud Ring

Posted on Tuesday, May 29, 2012 5:03pm

Simi Valley Police say they’ve broken up a major Southern California fraud ring responsible for two million dollars in losses, arresting four people in the process.

Detectives say it started in March, when a woman used fraudulently obtained credit cards to buy thousands of dollars worth of gift cards at a Target store in Simi Valley. Working with Target, they discovered similar transactions were taking place in five other counties as well, from Kern, to San Diego County.

Over a six week period, the detectives were able to identify four suspects, all Nigerian nationals living in Los Angeles. The investigators say the ring was using stolen credit information from across the U.S., as well as Mexico.

The four were arrested in raids in the San Fernando Valley, and Los Angeles, with more than $100,000 in cash, and thousands of dollars in merchandise recovered. They’re being held at the Federal Detention Center in Los Angeles, where they may face federal charges.

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