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whiporwill: Visa Exposed As Massive Credit Card Scam (via The Onion) SAN FRANCISCO—In coordinated raids Monday at locations in Delaware, South Dakota, and California, federal agents apprehended dozens of executives at Visa Inc., a sham corporation accused of perpetrating the largest credit card scam in U.S. history. According to indictments filed in U.S. District Court, Visa posed as a reputable lender, working through banks to peddle a variety of convincing-looking credit cards carefully designed to dupe consumers into spending far more money than they had. 

Reblogged from soupsoup

whiporwill:

Visa Exposed As Massive Credit Card Scam (via The Onion)

SAN FRANCISCO—In coordinated raids Monday at locations in Delaware, South Dakota, and California, federal agents apprehended dozens of executives at Visa Inc., a sham corporation accused of perpetrating the largest credit card scam in U.S. history.

According to indictments filed in U.S. District Court, Visa posed as a reputable lender, working through banks to peddle a variety of convincing-looking credit cards carefully designed to dupe consumers into spending far more money than they had. 

Posted August 16, 2011 at 12:36 am 50 notes

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  8. cswatkinson reblogged this from soupsoup and added:
    THOUGHT AS MUCH!
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  19. reallybignumber reblogged this from soupsoup and added:
    Ho~ly shit…since the 1970s you say? :D i trust in tags
  20. ipsadixit reblogged this from soupsoup and added:
    CALLED IT! TOTALLY CALLED IT
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  26. rileycal reblogged this from soupsoup and added:
    I love The Onion. I’m so tempted...post this on my Facebook; my Tea Party cousin is...
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  28. blackpolosandsweaters reblogged this from soupsoup and added:
    I very nearly flipped...shit when this came up on my dashboard, until I checked
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