Man jailed for fake ATM card swindle
By Claire Wang |
January 28, 2011, Friday
|
Print Edition
Print Edition
A MAN who withdrew over 120,000 yuan (US$18,231) from other people's bank accounts using passwords obtained from a homemade ATM machine in Beijing has been sentenced to 10 and a half years in jail.
The 30-year-old, surnamed Huang, was convicted of forging financial bills and was fined 50,000 yuan. He said he would appeal the ruling, according to Beijing's Xicheng District Procuratorate.
Huang learned how to fabricate credit cards from the Internet in 2007 after he lost his job. He bought a magnetic strip data collector, mini pinhole cameras and other equipment to fake credit cards, The Beijing News reported yesterday.
He installed the data collector at the door control system of the ATM machine, removed the shield for the keypad and obtained people's passwords as they keyed it in. Huang used the information to duplicate credit cards and withdrew money in Beijing and Shenyang, capital of northeast China's Liaoning Province, the report said.
The fake machine resembled a real one, but when one inserted a card into it, the card would be rejected and a message saying out of service would be shown on the screen. During the process, the card's password was recorded on camera, said the report.
Huang took the information he recorded every day and forged a total of 31 credit cards, which he used to steal 127,600 yuan. He aimed to make 500,000 yuan in 10 days, according to a plan police obtained from his computer.
The 30-year-old, surnamed Huang, was convicted of forging financial bills and was fined 50,000 yuan. He said he would appeal the ruling, according to Beijing's Xicheng District Procuratorate.
Huang learned how to fabricate credit cards from the Internet in 2007 after he lost his job. He bought a magnetic strip data collector, mini pinhole cameras and other equipment to fake credit cards, The Beijing News reported yesterday.
He installed the data collector at the door control system of the ATM machine, removed the shield for the keypad and obtained people's passwords as they keyed it in. Huang used the information to duplicate credit cards and withdrew money in Beijing and Shenyang, capital of northeast China's Liaoning Province, the report said.
The fake machine resembled a real one, but when one inserted a card into it, the card would be rejected and a message saying out of service would be shown on the screen. During the process, the card's password was recorded on camera, said the report.
Huang took the information he recorded every day and forged a total of 31 credit cards, which he used to steal 127,600 yuan. He aimed to make 500,000 yuan in 10 days, according to a plan police obtained from his computer.
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