Georgetown, Texas police have arrested a man believed to be connected to that massive Holiday 2013 security breach at Target that forced millions of customers to have to get new debit and credit cards issued.
Police say Guo Xing Chen, 40, was arrested last December after allegedly using a fraudulent credit card at a Georgetown, TX Target store. Now, they say he's involved in a large scale credit breach with the retailer that's believed to be in excess of $70 million.
Investigators say on December 12, 2013 officers responded to a call at the Target store located at 1021 West University Ave. in Georgetown, TX after Chen had tried to purchase several gift cards with a fraudulent credit card. Court documents say Chen had used several stolen credit/debit cards the previous day at another Target store to purchase several thousand dollars of gift cards and Apple iPads.
During the course of the investigation officers came to believe Chen was involved in something bigger -- a $70 million large scale data breach, according to investigators from the Target Corporation, court documents say. The new charges are the result of information developed during the investigation, police say. But more charges are expected to be filed at a later date.