NEWS

Quebec police swoop in on $3M fraud ring

05/01/2012 10:28 EDT | Updated 07/01/2012 05:12 EDT

Quebec provincial police have arrested 14 people and expect to lay 150 charges connection with a $3 million debit card fraud ring.

Police allege the group was running a skimming operation, cloning debit cards with information captured at hacked point-of-sale terminals throughout Quebec.

They say someone would install a card reader on the machines inside a store or bank. They'd later return and swap out the machines, using the data they captured to make cloned cards.

More than 50 officers were involved in two early morning raids connected to the investigation Tuesday morning in the Montreal-area.

Investigators seized property they suspect is the proceeds of crime and froze a bank account.

In total, 11 adults and three minors, all Montreal residents, were taken into custody.

Seven will make court appearances Tuesday afternoon.

Police are still investigating.

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