4 E.V. men indicted in credit card fraud - East Valley Tribune: East Valley Local News

4 E.V. men indicted in credit card fraud

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Posted: Monday, March 2, 2009 6:57 pm | Updated: 12:47 am, Sat Oct 8, 2011.

Four East Valley men accused of spending more than $1 million using stolen credit cards are being held in a Maricopa County jail after a grand jury charged them with fraud-related offenses.

Tark Tadros, 29, of Scottsdale, Faris Tadros, 27, and Pierre Tadros, 24, both of Mesa, and Daniel Segura 30, no hometown available, are accused of racking up large bills at Casino Arizona for items such as clothing and dining. They were indicted by a Maricopa County grand jury on Friday.

The indictment, which charged the men with one count each of fraudulent schemes, was handed down two days after Mesa police executed a search warrant at the residence of Faris Tadros in the 2800 block of South Extension Road in Mesa. Computers, bogus Visa credit cards and credit card manufacturing materials were seized, according to Maricopa County Superior Court documents.

The alleged scam began in 2006 and included expenditures throughout Arizona and in Illinois, according to county court documents. Authorities said the men used a process called “skimming,” which involves retrieving data off of credit cards at the point of sale and using it to manufacture fake credit cards or purchase items.

Tark Tadros began using computers, encoders and skimmers to steal credit card numbers and often employed Segura or Faris Tadros to use skimmers to collect credit card information, according to court documents. Tark Tadros then would download the credit card information to his computer and use encoding equipment to re-encode the magnetic strip on the back of blank card stock to create a new credit card, the documents say.

The men then would use the cards to make purchases of items such as gasoline, food, furniture, clothing and other luxury items, according to court documents.

Tark and Faris Tadros are being held in a Maricopa County jail on $250,000 bonds. Segura is being held on a $200,000 bond and Pierre Tadros on $36,000 bond, according to information from Maricopa County Superior Court.

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