2 arrested in Vietnam for stealing $47,300 with hacked credit-card information

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 Bui Dinh Hao (L) and Vu Phong have been arrested for allegedly stealing VND1 billion by buying information about credit cards from hackers

The Hanoi police have arrested two men for allegedly buying stolen credit card information from hackers to steal some VND1 billion (US$47,300) through operations that extended to the US.

They also searched the houses of Vu Phong, 32, and Bui Dinh Hao, 22, and confiscated many fake cards and four laptops with a lot of information related to the case.

Tuoi Tre (Youth) newspaper quoted them as saying that the duo met on online technical forums and schemed the plan there.

They bought credit card numbers and security codes sold on hacker websites and used the information to open accounts on payment websites like PayPal.

They then opened accounts in some banks in the US and transferred money from the hacked credit cards to the online accounts and in turn to the US bank accounts.

They obtained debit cards from the banks and got them to Vietnam, where they hired people to buy goods using them or conspired with merchants to make fake purchases to obtain money from banks.

According to the police, the gang bought high-priced items like iPhone 5s and iPads and resold them.

The police are investigating.

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