To make a long story short, card issuers have raised balance transfer rates and fees big time, so many cards that used to charge 2-3% are now charging 4-5%.

FORBES: Credit Card Issuers Stay Profitable Despite Headwinds

He was convicted of three charges of obtaining a money transfer by deception, three charges of fraud and one charge of the forgery of his ex-wife's signature on a bank form, after a trial in January.

BBC: Army colonel Robert Jolleys jailed for school fee fraud