How does synthetic identity theft work?

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  1. blasphemer says:

    Angel

    The article you post pretty much explains it.
    1) Take a ssn
    2) create a persona around it (with utilities and phones and use it on a short term job to establish a check stub, that kind of thing)
    3) run it for a little while, maybe take a small ($500) loan out that you pay off
    4) take a BIG loan out that you never pay

    I may just be diabolical, but it made sense to me.

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