Visa Exposed As Massive Credit Card Scam

by kholinar

According to indictments filed in U.S. District Court, Visa posed as a reputable lender, working through banks to peddle a variety of convincing-looking credit cards carefully designed to dupe consumers into spending far more money than they had. The criminal group would then impose a succession of escalating fees on unpaid balances, allegedly bilking some $300 billion from victims in the past year alone.

Visa Exposed As Massive Credit Card Scam

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