Three brothers jailed for credit card factory
Twelve years for the brothers PIN
Three brothers have been jailed for a total of 12 years for making fake credit and debit cards.
The three pleaded guilty at Southwark Crown Court to conspiracy to defraud.
Officers from the Metropolitan Police's specialist card fraud squad were searching an office space in Brent and found evidence that the room was being used as a credit card factory. During the search, one of the brothers, Mahmoud Charmaga, entered the building. He was arrested and his home searched. This uncovered a laptop and documents with fake card details in his brother's room.
At the office, police found a laptop with credit and debit card details on it, a card reader/writer, card skimmers for recording magnetic strips, fake ATM fronts and keypads for stealing PINs and an embossing press for making the cards. Officers also found 600 counterfeit cards and white plastic cards ready to be faked.
Police discovered the Brent office was rented in a false name by another brother, Ahmed Charmaga, who was serving a two year sentence on the Isle of Wight for similar offences.
The cards were used to buy designer clothes and aftershaves and to withdraw large amounts of cash from ATMs in the UK and abroad.
Ahmed Charmaga, 25, of Seacole Close, Acton got four years and six months, to run consecutively with his two year sentence. Mahmoud Charmaga, 23, of Seacole Close, Acton got five years and Mohammed Charmaga, 28, also of Seacole Close, Acton was sentenced to two years and eight months in prison.
Detective Constable Keith Harrington from the Dedicated Cheque and Plastic Crime Unit said the investigation was a credit to the information shared between partner agencies. ®
"No, they don't. That would be the bank of England, and it's called quantitive easing, which is a bit different"
True but thats on top of the Fractional-reserve banking system that starts at the central bank and filters down through all the other banks.
A quote form Wikipedia (not that I think that anything on Wikipedia should be taken as writtern in stone)
"By its nature, the practice of fractional reserve banking expands money supply (cash and demand deposits) beyond what it would otherwise be."
In other words make money out of thin air.
Wouldnt you like to get hold of that pixie stick?.. hmm I've £500 in the bank, a wave of the pixie stick and suddenly thats £900. Giving me £400 (that doesnt exist) I can lend out at intrest (to people who have to put in work and offer up REAL collateral to pay it back), and if anyone else was to do this, I'm pretty sure this would be regarded as fraud because thats what it is.
"police found a laptop with credit and debit card details on it,"
encrypt the dam hard drive if you really have to do fraud
"These people werent rich and powerful enough, otherwise they could of gotten away with it."
No, they couldn't, not oughtright card fraud.
"After all dont banks just create money out of thin air and put it on their computer systems."
No, they don't. That would be the bank of England, and it's called quantitive easing, which is a bit different. Having said that, not all money exists actually printed on paper, but it doesn't have to.
"The money system is the real scam here, its about time it was sorted out or we can just wait for the next 'credit crunch'"
Possibly if Gordon Brown had left the 400 year old regulatory system in place without messing with it, we wouldn't be in the mess that we're in at the moment.