Jordanian Charged in $6.8M Credit Fraud
Oct. 23, 2003
NEWARK, N.J. (AP) _ A Jordanian man wanted on a murder charge in Israel admitted organizing a credit card fraud ring that netted $6.8 million over the past seven years in the United States.
Ali Qaraeen, 49, said he arranged schemes in which more than 1,000 credit card accounts were opened, quickly maxed out and paid for with bad checks.
He pleaded guilty Thursday in federal court to one count of credit card fraud. He faces up to 10 years in prison and a $250,000 fine.
Qaraeen, who has had dozens of aliases and addresses since entering the United States in the 1980s, said he used the money for items including computers, clothing and home furnishings.
The U.S. Attorney's Office in Newark has prosecuted at least a dozen of Qaraeen's associates in the scams. Others are still being investigated.
Authorities could not say whether Qaraeen will be extradited to Israel to face the murder charge.
Qaraeen also is also wanted for fraud-related charges in Las Vegas, Assistant U.S. Attorney Robert Kircsh said.