Vietnam arrests American man for using stolen accounts to withdraw $69k

By Nguyen Chung, Thanh Nien News

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Yang Qing, 43, demonstrates his credit card trick to police in Khanh Hoa Province. Photo courtesy the police Yang Qing, 43, demonstrates his credit card trick to police in Khanh Hoa Province. Photo courtesy the police

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Police in central Vietnam are investigating an American national in Nha Trang accused of using stolen credit card data to withdraw more than VND1.5 billion (US$68,800) from local lender Agribank.
They arrested Yang Qing, 43, on July 2, a day after they detected his suspicious transactions through a point-of-sale system at a local restaurant.
Representatives from the state-owned lender asked the police to check as they believed the card that he was using was fake.
He reportedly offered the restaurant a 30 percent commission to transfer some money from the card to another account.
Qing was arrested with several fraudulent Visa and Master cards, and electronic devices allegedly for making them.
Police said he has several accomplices overseas who stole data from at least 42 cardholders in the US. 
Police have identified  three of the cardholders. But they did not disclose the names of the two "major US banks" that issued the cards.

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