SANFORD, Fla. — Eight members of Seminole Schools Federal CreditUnion fell victim to what is believed to have been a skimmerscam.
Skimming is a popular method among criminals that involvesobtaining credit card information and using that information tocreate a new card to use and make fraudulent purchases. Criminalsinstall skimming devices where consumers can't see them and stealtheir information as they make purchases.
All eight members had their credit cards cloned and their accountscleaned out. Sanford police are investigating case but have notbeen able to locate the common purchase point where all eightvictims had their information stolen.
Seminole Schools announced that every dime will be returned tomembers, and said it suspects an organized skimming operation is atwork. The credit union posted an announcement on its Web site,www.seminolefcu.com, that all member accounts are fully insured andprotected and asked members to update telephone numbers andaddresses.
[email protected]

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.