An international crime ring created thousands of fake identities to obtain tens of thousands of credit cards and steal more than $200 million, the Justice Department said.

Charges against 18 people were unsealed today in federal court in Newark, New Jersey, where U.S. Attorney Paul Fishman said the scam was "one of the largest credit card fraud schemes ever uncovered" by the Justice Department.

Limited Time Offer

Save over $700 on your subscription. Special offer expires April 30, 2017.

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry