6 arrested for KZN card fraud

2012-02-21 18:18

Durban - Six men were arrested for being in possession of fraudulent bank cards in Mtubatuba, KwaZulu-Natal police said on Tuesday.

The men - arrested on Monday - were linked to two cases of fraud that happened in February, Captain Thulani Zwane said.

They apparently bought goods worth R10 000.

When trying to buy liquor of about R5 000 at a local supermarket, they were denied use of the credit card.

Police were alerted and found a fraudulent card with one of the men.

After further investigations three more people including a worker from the supermarket were arrested.

Five more bank cards were taken from the men.

The employee allegedly helped the six to purchase goods from the supermarket.

The men were expected to appear in the Mtubatuba Magistrate's Court on Wednesday.

  • James - 2012-02-21 23:38

    The U.S. credit card fraud rate is significantly higher than it is in any other developed country. The reason is that we still rely on the magnetic stripe technology, while Europe has moved on to EMV (chip-and-PIN) cards. The good news, if there is one, is that American consumers are fully protected against fraudulent charges. It turns out that losses from credit card-related fraud are split 59 / 41 between card issuers and merchants.

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