Vietnam jails Russian man for using fake credit cards

Thanh Nien News

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Oleg Kokoulin at the trial. Photo credit: VnExpress Oleg Kokoulin at the trial. Photo credit: VnExpress


A court in Ho Chi Minh City on Friday sentenced a Russian man to five years imprisonment for using fake credit cards to withdraw more than US$10,000 from local ATMs, VnExpress reported.
Oleg Kokoulin, 30, was convicted on charge of “appropriating properties.”
Kokoulin told the court he got to know a Vietnamese man named Ho online, who told him he could sell fake credit cards.
In late 2013 he came to HCMC and bought 30 fake credit cards from Ho for $3,000.
According to police, he conducted 120 transactions to withdraw money using these fake credit cards at ATM booths in District 1.
He managed to withdraw VND227 million ($10,183) in 74 successful transactions from various ATMs until one kept rejecting his cards and caught the attention of the bank's ATM center on January 2, 2014.
The bank’s guards brought Kokoulin to a police station and the bank staff identified his cards as fake.
He was arrested soon afterwards.

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