Modern Crime – Credit Card Fraud Again

Be careful from now on while using Credit Card. ALWAYS GETYOUR CREDIT CARDSWIPED IN YOUR PRESENCE ! They Would Make Duplicates Of Credit Cards Used By Customers At A Juhu Hotel


Mumbai: The next time you decide to use your credit card on a shopping
trip, think again. The Mumbai police have busted a hitech credit card fraud
which they believe is the crime of the future.

Four gadget-savvy youngsters from Andheri, two of them software engineers,
got together to earn a quick buck and ended up ripping off over Rs 3 lakh
of citizens’ money. The foursome were arrested by the Juhu police on
Tuesday. Interestingly, one of the boys was all set to leave for the United
Statesfor a job in a wellplaced computer firm.

According to the poli ce, the mastermind of the gang is 19-year- old Leo
Paul. A second-year engineering student at a Ban! dra college, Paul had
read about a magnetic card-reading device which could store data once you
swipe a card through it. Data from at least 12 such cards could be stored
at a time. Paul realised that if credit cards were swiped though the
machine, the personal data of a customer stored on it could be accessed. He
then teamed with Akash Kamble, a 19-year-old Lokhandwala resident, and
ordered the card-reader from USA, using the internet, since it’s not
available in India.

“The boys befriended a waiter at Kings International hotel at Juhu to take
their plan ahead. Every time someone ate a meal in the hotel and paid by
credit card, the waiter would discreetly swipe it through the magnetic
card-reader, which is no more than 6-inches long and can be stored in the
pocket,” said investigating officer Ramesh Nangare.

Once the waiter was done, he would hand over the device to Paul who would
download the data from the cards on to Kamble’s personal computer. The duo
would then feed the data into blank cards, available in the grey market.
The cards were now ready to be used in shopping malls and theatres, or to
withdraw money from an ATM.

Senior inspector Pradeep Shinde said that the boys forged information from
more than 22 cards in this manner. The fraud came to light after officials
from HSBC bank complained to the police.

The cops quizzed customers whose cards had been duplicated and discovered
they had all visited Hotel Kings International and paid by credit card.
Investigators then caught the waiter who led them to the four youngsters.
Paul, Kamble and the two other collegians identified as Manoj Chauhan (24)
and Mahesh Valani (20), have been remanded to police custody.

“Time is the Hero”

Regards & Thanks
– S.Maheshwaran



10 thoughts on “Modern Crime – Credit Card Fraud Again

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