NEWS
In a significant Peru credit card fraud case, two Peruvian nationals, Angel Giancarlo Bellido Cosio and Angel Eugenio Bances Chaponan, have been charged with credit card fraud and identity theft. The charges stem from a distraction theft scheme targeting Trader Joe’s grocery stores and other retail locations. Bellido Cosio and Bances Chaponan allegedly stole wallets and used the victims’ credit and debit cards to make purchases. They were arrested on March 13, 2024, and are currently detained.
Source: U.S. Attorney’s Office
SITUATION ANALYSIS
The indictment of Bellido Cosio and Bances Chaponan highlights a sophisticated distraction theft scheme. They rented vehicles using a fraudulent passport, traveled across the U.S., and stole wallets from unsuspecting victims at various stores. Using the stolen credit and debit cards, they purchased electronic devices and other items. This case illustrates the challenges law enforcement faces in combating organized identity theft and fraud operations that span multiple states.
CHALLENGES
- Complex Crime Networks: Distraction theft schemes often involve well-organized networks that operate across state lines, complicating investigations.
- Identity Theft Prevention: Protecting consumers from identity theft requires continuous efforts to educate the public and implement robust security measures.
- Law Enforcement Coordination: Effective collaboration between federal, state, and local law enforcement agencies is crucial to tackling multi-state crime operations.
WHY iCOGNATIVE?
iCognative™ technology can enhance investigations into complex fraud and identity theft schemes by uncovering hidden knowledge and identifying key players. In this context, iCognative could analyze brainwave responses of the suspects to gather insights about their operations.
- Uncover Hidden Knowledge: Detect if the suspects have detailed knowledge of the fraud scheme, including how they selected victims and executed thefts.
- Identify Network Connections: Analyze brain responses to reveal connections among suspects and other potential members of the theft network.
- Assess Risk Levels: Evaluate the threat posed by the suspects and their potential for future criminal activities, aiding in prioritizing legal actions and preventive measures.
In the case of Bellido Cosio and Bances Chaponan, iCognative could help reveal the full extent of their operations, identify additional participants, and ensure comprehensive legal action. This would protect consumers and uphold the integrity of financial systems.
Source: Brainwave Science