Todorov Yordan Valentinov, 31, was sentenced to two years in prison for using fake ATM cards to withdraw money in Vietnam in Ho Chi Minh City. Photo credit: SGGP
A court in Ho Chi Minh City on Friday sentenced a Bulgarian national to two years in prison for using fake ATM cards to withdraw money from Vietnamese banks, news website VnExpress reported.
Todorov Yordan Valentinov, 31, was convicted of “misappropriating property.”
Valentinov was arrested on Oct. 26, 2013 in Ho Chi Minh City by security guards of ACB Bank when he was withdrawing money at an ATM booth on Pham Ngu Lao St., Dist. 1.
He was found to keep 38 fake ATM cards.
Valentinov told the HCMC People’s Court a fellow countryman named Ivan had given him the fake cards and told him to use them to withdraw money in Vietnam.
Ivan said he would be paid 10 percent of the withdrawn money.
Valentinov arrived in HCMC on Oct. 5, 2013. Ten days later, he started to use the fake cards to withdraw money at various ATMs in the city’s downtown.
He made around 140 transactions, of which 96 were successful, and withdrew more than VND180 million (US$8,500) in total.
However, he lost around VND170 million in an eatery, he said.
After he was arrested, his family paid all the money he had appropriated to the Vietnamese banks.