A newspaper hawker who committed 169 credit card frauds with 'paper and pen'
Many people think of credit card fraud criminals as criminal organizations that use advanced technology. However, when Argentine officials set out to investigate credit card fraud, it was reported that it wasn't a sophisticated mafia, but a seemingly ordinary man who was pretending to be an open-air newspaper seller.
Falsetti, el estafador: el canillita que des cubrió el algoritmo para crear tarjetas de crédito y engañar a grandes empresas --LA NACION
La caí da de Falsetti, el canillita que des cubrió un algoritmo para crear tarjetas de créditos y realizó al menos 169 estafas --Infobae
https://www.infobae.com/sociedad/policiales/2022/05/21/la-caida-de-falsetti-el-canillita-que-descubrio-un-algoritmo-para-crear-tarjetas-de-creditos- y-realizo-al-menos-169-estafas /
This time, the Vicente Lopez police in Buenos Aires, Argentina, discovered Fernando Falsetti, who runs a newspaper store in La Matanza. According to police reports, Falsetto is suspected of causing damage equivalent to 1 million Argentine pesos (about 1 million yen) by 169 credit card frauds.
The problem was discovered by a report from the Fraud Countermeasures Division of a company that provides satellite TV services in Argentina. The company also issues credit cards, with a total of 169 complaints from cardholders regarding suspicious transactions.
A judicial official who launched the investigation told the Argentine daily LA NACION, 'Initially, it was speculated that a large criminal organization might be in the background due to the nature of the crime, but it was sophisticated. Expecting a gang hacker, we found a criminal like the one in an ancient criminal drama. '
The Vicente Lopez police station analyzed information such as payment methods and the IP address of the payer of the contract service, and identified Falsetti, who runs a newspaper store.
Below are some of the notes that police seized from the suspect's home. Falsetti found an algorithm to generate a credit card number and security code and calculated it with paper and pen to determine a valid credit card number.
Vicente Lopez police are in the process of prosecuting Falsetto, but have not been arrested because the court refused the arrest order. In addition to the 169 frauds identified this time, there may be other crimes, but it seems that damage reports from other credit card companies have not yet been submitted.
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