Three Held in Credit Card Forgeries
Police have arrested three men suspected of bilking banks and credit card holders of $250,000 by making fake credit cards using valid credit card numbers.
Tin Tri Nguyen, 20, Tri Don Nguyen, 19, and Walter Randall Shaw, 57, were arrested Friday on suspicion of forgery and credit card fraud.
The three were being held at the Orange County Jail.
In a raid Friday, police seized equipment needed to produce fake credit cards, including a magnetic striping machine, encoding and embossing machines, valid credit card numbers and stolen credit cards, Fountain Valley police said.
Investigators also found equipment for producing false driver’s licenses, police said.
Police said that by confiscating the equipment, they prevented $75,000 in additional losses.
Fountain Valley police and U.S. Secret Service officials declined to comment about how many people had been victims or how the valid credit card numbers were obtained.
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