"A brief vehicle chase ended with a traffic stop, and police say a search of the car turned up several re-encoded credit cards and stacks of mail containing account statements tied to apparent identity theft."
"Local police and prosecutors have been warning for some time about organized crews that turn stolen card data into quick cash, often converting compromised accounts into gift cards or high-end merchandise."
Three men from Brooklyn were arrested on March 3 after plainclothes officers observed suspicious behavior on Greenwich Avenue. Following a brief vehicle chase, police found re-encoded credit cards and stolen mail in their car. The suspects face numerous felony charges related to payment card theft and identity crimes. Local authorities have warned about organized groups converting stolen card data into cash, often using digital wallets and re-encoded cards to resell stolen information, particularly targeting busy retail areas.
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