ATM skimming fraud: DEC arrest Chinese gang cloning bank cards in Zambia

THE Drug Enforcement Commission (DEC) in Lusaka has arrested and jointly charged two Chinese nationals for money laundering activities.
29-year old Li Hong Sheng, a Businessman of Olympia in Lusaka has been arrested and jointly charged with Weng Jin Chang, 36, a Director of Jin Jia Sheng Investment Ltd for theft, unauthorized access to data and money laundering activities contrary to the laws of Zambia.
DEC Spokesperson Theresa Katongo has disclosed in a statement that particulars of the offence are that the two suspects, on dates unknown but between 1st May, 2019 and 10th July, 2019, jointly and whilst acting together with other persons unknown, and with intent to defraud had in their possession electronic devices which included 5 cloned ATM cards.
Katongo said the said devices were used to conduct fraudulent business transactions on various Point of Sale (POS) machines belonging to known banks.
She said at the time of apprehension, Mr. Li Hong Sheng was also found with devices namely two Point of Sale Machines from known banks, card readers and card rewriters, which he used in cloning cards.
One of the two POS machines was issued to Jin Jia Sheng Investment Ltd, a Company in which Mr. Weng is a Director.
“The two suspects, further, directly or indirectly engaged in business transactions, knowing that the funds were proceeds of fraudulent ATM transactions,” Katongo said.
And Katongo said the suspects are expected to appear in court soon.

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News Source: Mwebantu

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