13-million-yuan scheme alleged with POS devices
August 31, 2011, Wednesday
|
Print Edition
Print Edition
A woman was arrested and charged with drawing out over 13 million yuan (US$2.03 million) in cash by using POS (point of sales) machines for credit card holders, earning over 200,000 yuan in commissions, Baoshan District prosecutors said yesterday.
The suspect, Liu Xia, 40, started to offer a paid service of cashing out with POS machines years ago and had many regular clients, prosecutors said. This allowed credit card holders to get a short-term, interest-free loan by paying a commission of 1.5 percent for a transaction.
The suspect, Liu Xia, 40, started to offer a paid service of cashing out with POS machines years ago and had many regular clients, prosecutors said. This allowed credit card holders to get a short-term, interest-free loan by paying a commission of 1.5 percent for a transaction.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
