Focus

Stories of credit card fraud

(China Daily)
Updated: 2010-07-21 07:54

Million-yuan fraud

A man surnamed Shi was brought to Changping procuratorate in July for credit card fraud involving more than one million yuan.

Shi opened a company in 2007 after quitting his job at a bank. He then bought other people's identity information through a friend and applied for around 100 credit cards.

With so many credit cards in hand, Shi and his girlfriend used the money drawn from one card to pay for withdrawals on other cards.

He also applied for a Point of Sales machine on behalf of his company and helped other people draw money from their credit cards illegally. By the time he was caught, he had got his hands on more than one million yuan.

Interviewees tricked

A man surnamed Tian was arrested by Xicheng police in late June after he was found to have overdrawn around 800,000 yuan in other people's names.

In early May, a bank in Beijing reported to the Xicheng police that 92 people who registered with their bank's credit cards had overdrawn a lot of money and all of their contact numbers were fake.

During the investigation, police found that the people all had one thing in common: They had applied for job positions at a healthcare product company since 2009. They all provided their identity cards during the interview but none of them succeed in getting the job.

Tian, the company's legal representative was then arrested. He admitted that his company's business was struggling in early 2009. So he pretended to want to hire someone so he get their personal information and apply for credit cards in their names, pocketing cash to help his company stay afloat.

Crooked workmates

Two women were detained by Xicheng police in November 2009 for shopping with other people's credit cards and generating 40,000 yuan from reselling the goods.

The pair, surnamed Zhang and Li, were both in their early 20s and they found that a lot of letters containing credit cards were left at their company reception.

They stole the letters and called the credit card applicants, pretending to be bank employees in need of their personal information. They then used the information to activate the cards.

By the time they were caught, they had stolen 20 cards and activated seven. The mainly bought gold jewelry because it could be easily resold.