A woman surnamed Chen called the police after she unexpectedly received 1.8 million yuan in her bank account, sparking an investigation that led to the arrest of her ex-boyfriend, who is now facing trial for stealing more than 5 million yuan through a forged-credit card scheme.
The 30-year-old man, Sun Kuangzhao, taught himself how to produce credit cards, and then made cards linked to foreigner’s accounts and started charging away. Sun would steal the user’s data through rigged POS machines (the little keypad devices used to swipe credit and debit cards at restaurants and the like).
He then purchased blank cards online, and copied the stolen data over to them. With the newly forged cards in hand, Sun used POS machines, ATMs, and over-the-counter banking to transfer and withdraw funds.
Authorities have been on to Sun since May 2013, when UnionPay received reports about missing funds from US credit card users, and police linked the reports to China.
Sun is now held on suspicion of credit card fraud, identity theft, and making fake credit cards, and the prosecution seems to have a pretty solid case. Due to large sum of funds stolen, Sun faces a potential jail term of more than 10 years.
By Isabel Quan
[Image via Flickr]