Police nabs credit card fraud syndicate

A group of Africans who purchased Malaysians’ credit card numbers and abused it for online purchases of luxury item and electronic devices was arrested by police in Subang Jaya recently, The Star reported.

According to Federal Commercial Crime Investigation Department (CCID) director Comm Datuk Syed Ismail Syed Azizan, the police found the group had been purchasing credit card numbers along with their card verification value codes (CVC) for about US$20 (RM61.40) on an online chat room and then used it to purchase some luxury items such as hand bags and electronic devices online. He added that the syndicate will sell the purchased luxury items at half price for cash later.
Syed Ismail said police arrested eight Africans for further investigation and their key focus now is to investigate the group which was selling the credit card details.

He said the police also arrested another group of Africans who suspected used the name of reputable companies to attract buyers from other countries to buy items from them at much cheaper price but will disappear after the buyers paid 10 per cent to 30 per cent deposit of the items.

by Terry Brown

Author: Terry KS

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