A federal grand jury in Sacramento today returned a 23-count indictment against an Elk Grove man accused of debit card fraud.
Mordechay Altit, 33 -- also known as Michael Altit, Anthony Altit and Tony Altit -- is charged with mail fraud, wire fraud, access device fraud and money laundering associated with his fraudulent use of debit cards, and merchant and terminal identification numbers, according to a federal Department of Justice news release.
The indictment alleges that Altit applied for debit cards issued from banks or other providers of debit cards in his own name or using the names and Social Security numbers of other people. Altit then used merchant and terminal identification numbers issued to merchants and businesses across the country to cause fraudulent credits and refunds to be placed on the debit cards he controlled, according to the indictment. Before the businesses could rescind the transactions, Altit used the cards to spend and transfer money. He allegedly had at least $450,000 in fraudulent merchant returns credited to his debit cards.
The case is the result of a joint investigation by the Federal Bureau of Investigation, the United States Secret Service and the Internal Revenue Service -Criminal Division.
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