America’s First Credit Card Fraudster

America’s First Credit Card Fraudster – Charles Gregory Cannon

In 1959, American Express issued the first plastic credit card into the, then developing consumer credit market. In only it’s first year, it experienced America’s first credit card fraudster.

The Story of Charles Gregory Cannon as Told By New York Times in 1960

March 18th, 1960 – The elegant Charles Gregory Cannon, who has been living it up the rate of $10,000 a month and sporting a broad British accent, a silver-handled cane, and sundry disguises, met some agents of the Federal Bureau of Investigation yesterday.