Police uncover huge ATM fraud operation in Nha Trang

(VOV) -Police in the central province of Khanh Hoa has arrested three foreigners for using counterfeit ATM cards to withdraw money from banks’ ATMs.

The detainees were KorneevValentin Nilolov, born in 1960, Genov Aleksandar Simeonov, born in 1969, and DimitrovIliyan Plamenov, born in 1987, from Bulgaria, who arrived in Vietnam on August 14, 2013 via Tan Son Nhat Airport in HCM City.

Colonel Truong Vinh Quang, head of the PA92 investigation division of Khanh Hoa provincial police, said on September 9 that the three foreigners were arrested on September 8 when they were caught illegally withdrawing money from ATMs in Nha Trang city.

It was a premeditated and well-planned fraud operation said colonel Quang, adding that his colleagues seized many exhibits, including more than 210 fake ATM cards, US$13,000, VND105 million, 5 mobile phones, 3 electronic chips, and 1 ATM scanning machine, and a round-shaped electronic device. According to preliminary investigation, the three suspects admitted their violations. They installed devices at ATMs in Nha Trang city to clone information from ATM users, and then steel money from their accounts by using counterfeit ATM cards with PIN codes.

They successfully withdrew VND96 million from eight counterfeit cards at ATMs of the Bank for Investment and Development of Vietnam (BIDV) and VND15 million at ATMs of the Vietnam Technological and Commercial Joint- stock Bank (Techcombank). 

Functional agencies and local police forces are broadening the scale of investigation.