Armenak Avagyan, 28, of Rancho Cordova has been arrested on a five-count federal indictment accusing him of trafficking in counterfeit and fraudulent credit cards, as well as identity theft.
The indictment alleges that Mr. Avagyan engaged in a wide-ranging scheme to steal credit card information by using “skimmers” – electronic devices installed in gas station pumps that would read the magnetic stripe information on credit cards when a customer would swipe the card. The stolen information was used to create counterfeit credit cards, prosecutors say.
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