Man gets 7 years for credit card swindle

By Jane Chen | January 26, 2010, Tuesday |

Online Edition

A MAN has his jail term reduced from 11 years to seven years in a second trial after swindling 45 credit card holders.

He won a shorter sentence because he was convicted of credit fraud in the latest trial instead of theft in the first verdict, today's Wenhui Daily reported.

Ye Peitian, 27, opened an online store in December to help customers pay their bills at discounts varying from 5 percent to 10 percent, Shanghai No.1 Intermediate People's Court heard.

He then used credit cards and their passwords bought from another online seller to pay the bills and shared the income with the seller.

In this way, he withdrew more than 200,000 yuan from 45 cards, the court said.

Ye was also fined 11,000 yuan (US$1,611) in the second trial.

Metro

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

Man gets 7 years for credit card swindle

Email this to your friend