Although some retailers can be easily duped by fake credit cards, cards with smart chips are dramatically reducing card fraud.
Five individuals allegedly used fake credit cards to steal more than $500,000 in merchandise from HomeGoods, Marshalls, and TJ Maxx stores, WABC reports. Police in Westchester County, N.Y. say the group created fake credit cards for the three stores and purchased items with those cards until the stores discovered they were fraudulent. Police charged the individuals with multiple counts of grand larceny and are investigating whether the group's alleged activities extended beyond Westchester County.
