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UK Gang Caught After $750K Online Music Fraud Scam

Posted by timothy on from the dj-felonious dept.

LSDelirious writes "10 individuals in the UK have been arrested in connection with an online fraud gang, whereby the group created several songs, had the songs uploaded to iTunes and Amazon, then used thousands of stolen credit cards to repeatedly purchase the songs from these services. It is estimated that they charged approximately $750,000 worth of fraudulent purchases, netting the group over $300,000 in royalties payments."

3 of 101 comments (clear)

  1. Nothing new... by Manip · · Score: 5, Insightful

    Just traditional money laundering via a slightly new route. They used to do similar things with Auction Houses, they'd list an item of no real value and then buy it. Dirty money into clean money!

  2. Re:Follow the money by Anonymous Coward · · Score: 4, Insightful

    Is it? A good drop house is a useful thing, and if you fence the goods properly, you're not easily traceable. It requires feet on the ground to catch you.

    This, on the other hand, is retarded. There's a simple digital "paper trail" right to your bank.

  3. Copy(right)cat by nausea_malvarma · · Score: 5, Insightful

    A criminal gang that scams people out of their money with recorded music? Looks like the RIAA is inspiring copycat crimes.