Chinese man steals $840,000 by cloning bank cards
china.org.cn / chinagate.cn by Chen Xia, February 20, 2014 Adjust font size:
A Chinese man stood trial on Tuesday in central China's Hangzhou City on the charges of stealing more than 5.13 million yuan (US$844,419) from foreign credit accounts between January and May 2013, the Morning Express reported.
Sun Kuangzhao, born in 1984, bought foreign credit card information online for the price of US$40 to US$70 per piece. He then made fake bank cards at home using technologies he had learned online and consequently used the cloned cards to transfer money via POS terminals.
Sun was caught after several American credit card users alarmed the police.
Local police found many blank bank cards, POS terminals, fake ID cards and forged credit cards at Sun's present girlfriend and ex-girlfriend's apartments. He had put more than 315 million yuan (US$650,145) into their accounts.
Sun was prosecuted for swindling credit cards, forging resident ID cards and obstructing credit card management, for which he might get more than 10 years in prison.
