Vietnamese man arrested for internet banking fraud

TN News

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Police in the north central province of Thanh Hoa arrested a man Saturday for using fake ID cards to steal money from the bank accounts of two people in Hanoi and Ho Chi Minh City.


Dinh Xuan Loi, 32, was charged with "using high technology to appropriate properties of others."


According to police, in July, Loi and his accomplices, who are still at large, used fake ID cards when they asked a mobile phone network provider to change the user information of the subscribers whose names they were using.


After the information, including the mobile numbers, was changed, they used the new mobile numbers to track down the subscribers' internet banking passwords.


They then used the passwords to buy goods online.


On May 10, the gang appropriated VND30 million (US$1,423) from the bank account of Dang Thanh Hai in HCMC.


Five days later, using a similar trick, they stole VND75 million ($3,557) from the bank account of Vu Minh Nhat in Hanoi.


Police said Loi is a drug addict. He was released from prison in 2011 after serving time for "organizing the use of drugs."


They are still searching for Loi's accomplices.

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