Iconic: 39 Young People Indicted For Using Instagram To Scam $2.5 Million

Iconic: NYC Indicts 39 Social Media Scammers For $2.5 Million Credit Card Fraud

New York Daily News reports that 39 individuals apart of a credit card cracking ring were indicted in NYC this week. Yes, those “make money fast, all you need is a bank account” people online do bad things! In fact, the Feds were actually watching the pages of those individuals, holding up money and asking for account numbers, to use as evidence against them.

Manhattan District Attorney Cyrus R. Vance, Jr., and New York City Police Commissioner James O’Neill said that the criminals stole more than $1 million through a counterfeit check cashing and larceny scheme that resulted in up to $2.5 million in fraud.

According to the D.A.

“Kids on social media who see posts like these—staged in hot tubs, sports cars, or among piles of cash—should know that debit card cracking is illegal, and is on law enforcement’s radar. You will not get to keep the money, and you could end up in jail.”

The defendants are being hit with a laundry list of charges by the New York State Supreme Court; iEnterprise Corruption, Grand Larceny in the Second and Third Degrees, Scheme to Defraud in the First Degree, Conspiracy in the Fourth Degree, and Possession of a Forged Instrument in the Second Degree.

According to the report, the offenders ages ranged from 19-26 years old. We wonder what kinds of sentence they’ll be hit with. 

Yikes!