Over 11 arrests have been made in both New Jersey and Virginia in related crimes involving global identity theft ring. As if banks, mortgage lenders and home-equity line holders haven’t suffered enough challenges recently, this group has stolen over $10 million through home equity scams. The identity theft ring hijacked home-equity lines that had been issued to thousands of customers using what has been called a combination of “high-tech equipment and old-fashioned con-artistry.” (more…)