Police find 85 iPads worth $50K during credit card fraud bust

December 13, 2012 (CHICAGO) (WLS) -- Two people are accused of using stolen credit cards to purchase high-end items like iPads that were then sold for cash.

Police say the suspects are part of a large-scale credit card fraud operation that hit Target stores in the area. Officials say the suspects were under police surveillance when they made a fraudulent purchase on December 11 at the Target located in the 8600-block of South Cottage Grove.

Officials said that arrest led police to discover a credit card manufacturing operation with a large quantity of re-encoded credit cards, prepaid cards and gift cards. Police say they discovered 85 iPads worth more than $50,000 and other items, as well as a handgun and $10,000 in cash.

Jerome Taylor, 41, is charged with one count of Organizer/ Financial Crime Enterprise, a Class X Felony; and Michael Nixon, 40, is charged with one count of Continuing Financial Crime Enterprise, a Class 1 Felony. Taylor and Nixon are scheduled to appear in bond court at 26th and California on Friday.

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