Vietnam jails Malaysian for credit card fraud

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A Ho Chi Minh City court on Wednesday sentenced a Malaysian man to two years' imprisonment for his involvement in a Malaysian-led ATM and credit card fraud ring.

 

Yeap Poh Boon, 53, was charged with transporting and storing fake credit cards.

 

He was arrested on December 30, 2011 at a hotel in HCMC with seven fake credit cards.

 

He told police he had entered Vietnam 15 times prior to his arrest. The last time he arrived in HCMC, he had brought the seven cards with him.

 

He was about to hand over the cards to another Malaysian national in Vietnam when he was nabbed.

 

According to police, the Malaysian ring members, including Boon, brought roughly-made ATM and credit cards provided by the gang leader, whose identity is not known, to Vietnam in November 2011.

 

After they arrived in Vietnam, they were provided with accommodation and equipment used to make fake cards. Then they were provided with the information about the cards including serial numbers, banks and cardholders as well as PIN numbers via telephone from Malaysia.

 

They used the equipment provided to print the numbers, the names of cardholders and banks on the cards.

 

The next step was to hire local people to withdraw money and buy goods.

 

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According to police, the men also withdrew money from ATMs in Hanoi using fake cards with the information of cardholders in HCMC.

 

The gang made 115 fake credit cards and 60 fake ATM cards in total, police said.

 

Several other gang members have been arrested and are awaiting trial. 

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