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Police bust credit card fraud gang, 2 men arrested
By Liang Yiwen |
January 6, 2009, Tuesday
|
Print Edition
Print Edition
POLICE have arrested two suspects involved in a credit card swindle involving more than 500 fake cards with a total credit limit of 25 million yuan (US$3.66 million).
In August, Zhabei District police received reports that a man was selling laptops, digital cameras and cell phones at half price from an office building in the district. The man, surnamed Chen, was able to provide original credit card receipts for the goods.
Police found the products he sold were all purchased at a large local store using foreign credit cards. Police said he usually sold what he had bought after a few days.
Police asked an informer to arrange a meeting with Chen. On August 23, police waited nearby as Chen drove to the parking lot of the Chang'an Building and sold their informer some goods, providing receipts.
Police went to the store that had sold the goods and found that a man other than Chen had bought them.
Police put Chen under surveillance, watched him order takeout food and followed the delivery to a house where, after investigation, police found four people from overseas were living.
Further investigations revealed the man surnamed Chen was actually surnamed Yuan.
Two others, surnamed Li and Cai, were found to be the men who had been making the credit card purchases and a man surnamed Wu supervised the other three. However, by the time police moved to arrest the men, all four had fled.
Police found Yuan's car at a local airport on October 10 and caught him when he returned to pick it up. On him, he had about 500 credit cards and three machines to clone fake cards. Wu was caught at the airport about a month later.
The two said they had been hired by a boss overseas. The four bought fake cards in Zhuhai City, Guangdong Province, and, using real details of foreign credit card owners provided by people in Malaysia, turned them into usable cards.
They bought golf clubs, foreign wine, cell phones, cameras, expensive watches and other luxury products before selling them at low prices.
The gang members were told to leave China after they had made their boss enough money. But Yuan returned to the Shanghai because he felt it was so easy to make money with the fake cards.
In August, Zhabei District police received reports that a man was selling laptops, digital cameras and cell phones at half price from an office building in the district. The man, surnamed Chen, was able to provide original credit card receipts for the goods.
Police found the products he sold were all purchased at a large local store using foreign credit cards. Police said he usually sold what he had bought after a few days.
Police asked an informer to arrange a meeting with Chen. On August 23, police waited nearby as Chen drove to the parking lot of the Chang'an Building and sold their informer some goods, providing receipts.
Police went to the store that had sold the goods and found that a man other than Chen had bought them.
Police put Chen under surveillance, watched him order takeout food and followed the delivery to a house where, after investigation, police found four people from overseas were living.
Further investigations revealed the man surnamed Chen was actually surnamed Yuan.
Two others, surnamed Li and Cai, were found to be the men who had been making the credit card purchases and a man surnamed Wu supervised the other three. However, by the time police moved to arrest the men, all four had fled.
Police found Yuan's car at a local airport on October 10 and caught him when he returned to pick it up. On him, he had about 500 credit cards and three machines to clone fake cards. Wu was caught at the airport about a month later.
The two said they had been hired by a boss overseas. The four bought fake cards in Zhuhai City, Guangdong Province, and, using real details of foreign credit card owners provided by people in Malaysia, turned them into usable cards.
They bought golf clubs, foreign wine, cell phones, cameras, expensive watches and other luxury products before selling them at low prices.
The gang members were told to leave China after they had made their boss enough money. But Yuan returned to the Shanghai because he felt it was so easy to make money with the fake cards.
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