Retailers stung by credit card fraud

By Ross Colebrooke, in , posted: 24-Jul-2008 20:46

There is a new form of credit card fraud going around New Zealand. It involves customers using fraudulent cards made overseas that either, not linked to a bank account or the bank does not exist at all. They have been hitting retailers throughout New Zealand. Their modus operandi is to be friendly, chatty, well dressed as well as talking on a cellphone. Primarily they are of Asian decent, and use credit cards link to Asian banks.


The credit cards have all of the signs of being genuine, embossed numbers match front and back, signature matches for of ID (which is usually and passport) as well as the name matching. They always know what they are after, and do not mind mixing and matching goods if certain colours are not available.
The retailer will not know what has happened until they find that a few weeks later the funds are never transferred into their bank account.
They are confident enough to ask for goods to be put aside if their card declines, and then come back with a different card. Transactions can vary between just under $1000 to just under $2000.


Purchases can include Apple products, Playstation products and prepaid mobiles. To help ease the retailer into the suspicious looking sale, they will ask for a cheap mobile, stating that it is to be used as a spare. The perpetrators are usually Asian, and are dressed very well. They are usually using a high end cellphone to talk to their mates in a near by vehicle.

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Comment by tonyhughes, on 24-Jul-2008 21:33

Thanks for blowing my cover ross.

Sheesh.


Comment by nate, on 24-Jul-2008 21:37

Tony you are neither Asian nor well dressed


Comment by chiefie, on 25-Jul-2008 00:29

don't look at me.. I'm too honest or too dumb to pull this off!


Comment by juha, on 25-Jul-2008 08:51

I hear they've been arrested... nothing in the news though.


Author's note by rscole86, on 25-Jul-2008 13:03

Yes they have been arrested, they have also wrapped their car around a power pole and are in hospital.


Comment by JAMMAN2110, on 25-Jul-2008 13:10

So.. Karma?


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Ross Colebrooke
New Zealand