Twelve Charged in iTunes Money Laundering Scam

We may very well remember the warm months of 2010 as The Summer of Scandal. In recent days, we've seen folks dinged for taking kickbacks, iTunes Store shoppers' pockets emptied by hackers, Antennagate and now this: 12 people from a number of international locales have been arrested by the FBI for laundering funds through Amazon.com and iTunes.
The scam, first reported by The Register, was terribly effective. The charged individuals uploaded a selection of music tracks to the two services and then proceeded to use a number of stolen credit cards to purchase and download the tracks a gazillion times, thus turning what they thought was a worry-free profit of $300,000 from the song royalties paid to them by Apple and Amazon.
$300,000 procured by 12 people, with just a few songs and some stolen plastic? Seriously, this is what's wrong with the world. If we put the brain power that goes into sorting out such an simplistic, yet ingenious way to screw people out of money towards legitimate issues cancer would be cured by now--a fact that we could all celebrate while driving our flying Jetson's cars.
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