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Online dealer jailed for stealing cash deposit with software

An online luxury bags dealer was sentenced to 3 1/2 years in prison for stealing nearly 200,000 yuan (US$31,700) a customer deposited in a third-party payment system using hacking software.
The Songjiang District People's Court said the convict surnamed Liao, 22, and his partner surnamed Luo opened their online shop on, China's largest e-commerce platform. Liao claimed he was in France and could buy genuine Hermes bags.
Last July, a customer surnamed Qin decided to buy a Hermes bag from them. The bag was priced at 198,000 yuan, nearly 100,000 yuan cheaper than the price in an official Hermes store in Shanghai, the court said.
Qin deposited 198,000 yuan in her Alipay account, a third-party payment tool used by Taobao customers to keep their money safe before receiving their goods.
But the deal was not completed as the woman was told to pay 1 yuan more for a notice that listed terms and conditions for the purchase.
Prosecutors said Qin clicked a link that led her to a hacking website where her Alipay account details and password were stolen.
The woman was tricked into sending a verification code, closing her anti-virus software and disconnecting her mobile phone from her Alipay account. This enabled Liao and Luo to steal her 198,000 yuan in the third-party payment system.
Qin called the police after finding her money was gone the next day, prosecutors said.
Liao told the court that it was Luo who designed the scheme and he only received 10,000 yuan of the stolen money. Liao returned 10,000 yuan to the victim and was fined 3,000 yuan by the court.
Liao was caught last September, but Luo is still at large, the court said.


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