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Source:
www.spf.gov.sg |
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Man Arrested For Using Counterfeit
Credit Cards |
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Police arrested a 21-year-old Chinese man
yesterday evening (24 Aug 2005) at Sim Lim Square for carrying out fraudulent retail
purchases using counterfeit credit cards. |
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Yesterday (24 Aug 2005) at about 7.00pm , Police received
information that a man was making purchases using counterfeit credit
cards. |
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Acting on the information received, officers
from the Commercial Affairs Department mounted an operation and arrested
the man at an electronics retail outlet in Sim Lim Square. |
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During the operation, the officers also
recovered several counterfeit credit cards and two notebook computers
worth S$6,000, which the man had purchased using the counterfeit credit
cards. |
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In a follow-up raid at the man's apartment
in Anchorvale Road, Police recovered several blank cards encoded with
credit card data, a card-encoder, card-encoding software and computer
paraphernalia used in the encoding of credit card data onto fake cards.
Goods, comprising watches, jewellery, electronic items and a mobile
phone worth a total of $4,000, which were believed to have been
purchased with the counterfeit credit cards, were also recovered. |
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In recent years, there has not been any
person arrested for credit card skimming activity in Singapore. This is
also the first time that we have recovered a card-encoder with
card-encoding software used specifically for encoding stolen credit card
data. The stolen credit card data on the counterfeit cards is believed
to have been obtained from sources outside Singapore . |
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The suspect will be charged in Court on 26
Aug 2005 for cheating and possession of forged valuable security under
the Penal Code. |
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A person convicted of cheating can be
punished with imprisonment for a term of up to 7 years, and shall also
be liable to fine. A person convicted of possession of forged valuable
security can be punished with imprisonment for life, or with
imprisonment for a term of up to 7 years, and shall also be liable to
fine. |
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Police would like to take this opportunity
to remind merchants to be alert when processing credit card
transactions. They should look out for the various security features on
the card face. If they are suspicious, they should contact their
processing bank immediately for advice. |
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Police have been working closely with
financial institutions and retailers to curb payment card fraud, and the
arrest is attributed to the close cooperation and coordination between
Police and the card industry. |
PUBLIC AFFAIRS
DEPARTMENT
SINGAPORE POLICE FORCE
25 August 2005 @ 5.00 pm |
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Source:
www.spf.gov.sg Media Release 25 Aug
2005 |
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Man arrested for using counterfeit credit cards in Sim Lim
Square
