Arrests made in debit card fraud case

The U.S. Secret Service Wednesday confirmed that it has made several arrests in connection with a recent wave of debit card fraud that forced several banks and credit unions to reissue millions of cards over the past few months.

The arrests were part of a broader undercover Secret Service investigation known as "Operation Rolling Stone" that has so far resulted in the arrests of 21 people on charges related to online identity theft as well as credit and debit card fraud.

Seven of those arrests occurred yesterday in Florida, New York, Illinois, Pennsylvania, California and Washington, according to Secret Service spokesman Jonathan Cherry.

"Previous arrests occurred in a number of locations nationwide, with one arrest in the United Kingdom," he said.

According to Cherry, some of the 21 people arrested so far are linked to the recent debit card fraud wave, but he did not say how many.

"Rolling Stone is an active operation and in its initial stages [is] targeted at online criminal enterprises that threaten our financial infrastructure," Cherry said.

The arrests come amid a wave of debit card fraud resulting from a security breach involving a still undisclosed US retailer or retailers. The fraud resulting from the breach has so far forced many major banks, including Bank of America, Wells Fargo Bank and Washington Mutual Bank -- as well as numerous credit unions around the country -- to block transactions and reissue over 1 million cards.

Many of the compromised debit cards were being used fraudulently in several countries, including Romania, Russia, Spain and the U.K.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jaikumar Vijayan

Show Comments



Victorinox Werks Professional Executive 17 Laptop Case

Learn more >

Sansai 6-Outlet Power Board + 4-Port USB Charging Station

Learn more >



Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?