Fugitive arrested in major credit card fraud case

(AP) - Prosecutors in New Jersey say a New York man is in custody nearly four years after he was charged in what they call one of the largest credit card fraud schemes ever.



Habib Chaudhry faces arraignment on Wednesday.



The 49-year-old Valley Stream, New York, resident was charged in February 2013 in a conspiracy to fabricate more than 7,000 false identities to obtain tens of thousands of credit cards. Prosecutors say 19 people have since pleaded guilty in the scheme.



The scheme caused more than $200 million in losses to businesses and financial institutions.



It is not clear where Chaudhry was apprehended.


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