Oleg Kokoulin, 30, was convicted on charge of “appropriating properties.”
Kokoulin told the court he got to know a Vietnamese man named Ho online, who told him he could sell fake credit cards.
In late 2013 he came to HCMC and bought 30 fake credit cards from Ho for US$3,000.
According to police, he conducted 120 transactions to withdraw money using these fake credit cards at ATM booths in District 1.
He managed to withdraw VND227 million (US$10,183) in 74 successful transactions from various ATMs until one kept rejecting his cards and caught the attention of the bank's ATM center on January 2, 2014.
The bank’s guards brought Kokoulin to a police station and the bank staff identified his cards as fake.
He was arrested soon afterwards.