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Howard Ain, Troubleshooter: Dormant Credit Card Alert

Updated: Wednesday, November 27 2013, 04:33 PM EST




CINCINNATI (Howard Ain) -- Do you think a credit card you never use could get you into
trouble?

Well, as Local 12 TroubleShooter Howard Ain shows, a lot of
people ran into major problems because of dormant credit card accounts.


This is a scam that cost a lot of consumers hundreds of thousands of
dollars. It turns out dormant accounts may be the most susceptible to fraud.
Shattered glass and partially completed construction is all you can see at this
abandoned strip mall. What happened? Work came to a halt after contractors on
this job were arrested for their role in a credit scam case that cost consumers
more than a half million dollars. It all started with one bad credit card
employee.

Mona Hernandez, US Postal Inspector: "She knew that these were
dormant accounts, which the businesses had lost track of, so she would go in and
manipulate the account."

She would create new credit cards based on
these dormant accounts and ask accomplices to use the cards.

Hernandez:
"Multiple contractors were arrested in this case, many of them were recruited as
the runners to purchase equipment that was used for the purposes of building
materials."

The contractors would buy construction equipment and either
sell it or use it on their projects. In all, there were 50 victims. Postal
inspectors caught the mastermind behind the scheme.

Hernandez: "She
ended up confessing to compromising 30 to 50 dormant accounts."

So, some
advice from postal inspectors...

Hernandez: "This is something that can
affect anyone, not just businesses. If they have accounts that are dormant or
unused, they have to get those closed."

Postal inspectors also say it's
a good idea to check your credit report because that may indicate any unused or
dormant accounts are in your name. Howard Ain, Troubleshooter: Dormant Credit Card Alert


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