Interesting Twist. Restaurants That Owe Loansharks Give Up Customers Credit Card Numbers to Crooks

This is yet another classic example of why I find it so ironic that people are afraid to use their credit cards online but think nothing of using it locally. It’s not the online world you need to worry about.

Who would have expected this?

A New Jersey loansharking operation that lent money to struggling restaurants in Essex, Morris and Passaic counties began taking patrons’ credit card information when the restaurants couldn’t make loan repayments, investigators said today in announcing a sweep of arrests.

At least two restaurants have been named in the sweep as Italianissmo Restaurant in Caldwell and the Baloco Restaurant in Clifton, according to a release issued by the Essex County Prosecutor’s Office. Additional details were expected at an afternoon press conference. Source


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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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