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J K Publications (alias Webtel, Netfill, etc) ran a sizeable fraud, somewhere in the range of 40-50 million dollars, distributed across about 900,000 credit cards in small recurrent charges ($20 US). JK Publications' front companies generated about a third of all customer complaints at one major credit card company in late 1998. Their merchant accounts had a 'chargeback' rate 100 times the national average; each time a merchant account was closed by the credit card companies, they opened a new one. In late 1998 they alone accounted for 4% of all Visa chargebacks.
Yikes
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