UK Gang Caught After $750K Online Music Fraud Scam 101
LSDelirious writes "10 individuals in the UK have been arrested in connection with an online fraud gang, whereby the group created several songs, had the songs uploaded to iTunes and Amazon, then used thousands of stolen credit cards to repeatedly purchase the songs from these services. It is estimated that they charged approximately $750,000 worth of fraudulent purchases, netting the group over $300,000 in royalties payments."
Whos says the online music model works (Score:5, Funny)
Well, they do have a good example... (Score:5, Funny)
And yet... (Score:5, Funny)
The Spice Girls remain at large.
Were the songs any good? (Score:5, Funny)
...and where can I get a torrent of them?
Re:Were the songs any good? (Score:3, Funny)
They sold so many copies, these songs were HOT!
Re:They used stolen credit cards (Score:3, Funny)
Now listen carefully I will say this only once. Copyright infringement is not stealing!
Re:BBC is reporting nine people not ten... (Score:3, Funny)
The BBC is reporting that nine people were arrested. Six men and three women. And not ten like many other articles are reporting.
That's because Keyser Soze got away.
Re:And this is differnt how? (Score:1, Funny)
Re:Follow the money (Score:3, Funny)
from the dj-felonious dept. (Score:5, Funny)
I think "from the felonious-monk dept." has a better ring to it.
Re:Nothing new... (Score:3, Funny)
Not too different from pretty much any auction dealing with modern art.
Re:Well, they do have a good example... (Score:3, Funny)
Re:Like premium rate phone lines (Score:5, Funny)
Listen to this one then; you open a company called the Arse Tickler's Faggot Fan Club. You take an advert in the back page of some gay mag, advertising the latest in arse-intruding dildos, sell it a bit with, er... I dunno, "does what no other dildo can do until now", latest and greatest in sexual technology. Guaranteed results or money back, all that bollocks. These dills cost twenty-five each; a snip for all the pleasure they are going to give the recipients. They send a cheque to the company name, nothing offensive, er, Bobbie's Bits or something, for twenty-five. You put these in the bank for two weeks and let them clear. Now this is the clever bit. Then you send back the cheques for twenty-five pounds from the real company name, Arse Tickler's Faggot Fan Club, saying sorry, we couldn't get the supply from America, they have sold out. Now you see how many of the people cash those cheques; not a single soul, because who wants his bank manager to know he tickles arses when he is not paying in cheques!
-- Tom
And that's nothing (Score:5, Funny)
that's nothing, in the process of pulling off this scam, they lost $2 billion to piracy! nobody's safe!
Number of songs "stolen"? (Score:4, Funny)
Let's see, at $150K per song [geek.com], that comes out to 5 songs.