A federal grand jury in California indicted three people this week on charges of making counterfeit credit and debit cards. The charges followed an investigation and subsequent seizure of more than 90,000 bogus cards.

Jose Rolando Renderos, his 18-year-old son Jose Ulloa and Milagro del Carmen Alvarez Hernandez will be arraigned on Feb. 25.

The men are accused of obtaining blank credit cards from China that bore the logos of giant financial institutions and activating the counterfeit cards using existing credit card numbers.

Earlier this month, federal agents recovered more than 80,000 phony cards and several credit card skimmers at a storage unit in the San Gabriel Valley area of California. Earlier, investigators intercepted packages from China containing 12,000 counterfeit cards. Authorities say Alvarez used a fake card in December at a children's boutique in Los Angeles, spending more than $1,600.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry