Prosecutor: ID theft ring bought designer goods
NEW YORK (AP) — Prosecutors say an identity theft and fraud ring used shoppers' stolen information to buy over $400,000 worth of designer shoes, handbags and accessories from Saks Fifth Avenue's flagship store.
Manhattan District Attorney Cyrus Vance Jr. announced the case Monday. At least eight people are being charged.
Vance says the ringleader obtained Social Security numbers and other personal information for over 20 Saks credit card holders.
Prosecutors say the information was provided to four salespeople, who'd use it to look up account numbers and ring up the fraudulent sales of Chanel, Valentino and other designer items.
They say other accomplices would allegedly pick up the items, posing as the shoppers. Prosecutors say some items were sold on the black market.
Prosecutors credit Saks with initiating the investigation.