An Ashburn, Va., man has been indicted on bank fraud charges after he allegedly exploited a flaw in a credit card payment system to buy nearly $200,000 in goods, including $115,000 in diamonds.
According to court documents, Tony Tung Tran would make large cash transfers from nearly empty or fake bank accounts to various credit cards. The credit card companies’ payment systems would immediately give Tran credit for the cash paid on his balance and his credit card limits would return to their peak. Within three days, the credit card companies discovered the payments Tran had made were fake, but by then the 36-year-old had allegedly already spent thousands of dollars.
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