Two Sacramento residents pleaded guilty in federal court Thursday to conspiring to commit credit card fraud.
Lee Yang, 34, and Chee Yang, 28, participated in a scheme that involved at least 500 unauthorized and counterfeit credit cards and debit cards, according to a U.S. Attorney’s Office news release. Authorities said the scheme affected at least 1,800 victims and led to an estimated loss of $186,000.
According to court documents, the defendants stole or possessed stolen mail, created or received fraudulent credit and debit cards, and made fraudulent purchases totaling thousands of dollars using the cards at national retailers such as Target in various Sacramento-area locations.
Lee Yang and Chee Yang remain in custody and are to be sentenced April 7 by U.S. District Judge Troy L. Nunley.
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Authorities said five co-defendants remain in the case. Their next court date, for a status conference, is Feb. 25.
The case resulted from an investigation by the United States Postal Inspection Service.