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100+ Arrested in NYC Identity Theft Ring

iStockPhoto/Thinkstock(NEW YORK) -- Thousands of unsuspecting Americans were victimized by an identity theft ring based out of New York City that resulted in millions of dollars in losses – and a number of arrests, announced Friday.

Authorities are calling it not only the largest, but the most sophisticated identity theft and credit card fraud case ever. The thieves employed bank tellers, store clerks and restaurant waiters to skim customers' personal information, used it to create fake credit cards and then sent crews on nationwide shopping sprees to buy high-end goods -- later sold online, or overseas.

The scams were based out of New York, but had ties to three other continents.  Most of the defendants are in custody but a couple dozen remain at-large. More than 100 people have been charged following a two-year investigation.

Copyright 2011 ABC News Radio

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