Police bust ring that counterfeited int’l credit cards

September 09, 2013 | 16:53

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After arresting two members of a ring that counterfeited international credit cards for swindling, police in Hanoi last Saturday seized one more member of the ring.

With the aid of police from the Ministry of Public Security, anti high-tech crime police in Hanoi on September 7 detained Nguyen Van Dung, director of the Duong Mon Xanh Trading and Tourism Co Ltd., for “using computer networks, telecommunications systems, the Internet and digital equipment to appropriate assets.”

Police suspected that Dung had supported Vu Phong, 32, and Bui Dinh Hao, 22, in forging and using credit cards with which they swindled billions of dong (VND1 billion = US$48,000).

Phong and Hao, both from Hanoi, were arrested on September 5, and based on their testimonies, police detained Dung.

The three men colluded with individuals in the US to forge international credit cards and used them in Vietnam to withdraw money from commercial banks and purchase valuable consumer goods such as iPhone 5s, iPads and other electronic products.

On searching their houses, police seized four laptops, credit card readers, dozens of Visa and Master Cards, and many related materials.

The swindlers told investigators that they had used fake cards to appropriate about VND1 billion worth of goods since July.

In April, the People’s Court of Ho Chi Minh City sentenced a Malaysian man, Lim Soon Ling, 55, to seven years’ imprisonment for using fake credit cards to appropriate a total of VND451 million ($21,700).

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