TRENTON (Diya TV) — Babar Qureshi will serve 46 months in prison for his part in a $200 million credit card scam that was described by authorities as one of the largest ever investigated by the U.S. Department of Justice.
The 63-year-old Qureshi was sentenced after pleading guilty to bank fraud.
He was just one of several suspects charged in February 2013 in a conspiracy to create more than 7,000 fake identities, which were in turn used to obtain tens of thousands of credit cards. The scheme used false documents and credit profiles to inflat ethe creditworthiness of those identities before running up huge loans.
Across the country, scammers involved in the scheme helped maintain nearly 2,000 different mailing addresses to fraudulently obtain the cards. Qureshi’s role in the fraud, prosecutors said, was to run up charges with merchants who were in on the scam.
In New York, 49-year-old Habib Chaudry was also arrested in connection with the fraud.
Chaudry was charged in the original February 2013 complaint, and was indicted in September of the same year. He has been on the run for nearly four years, and is currently a fugitive, a statement from the U.S. Attorney’s Office said.
