27-Year-Old Man Allegedly Clones Cards To Withdraw Money From ATMs
On Tuesday (7 Feb), the police received a report that a cloned card was used to make a withdrawal at an automated teller machine (ATM).
Source: Calcite Credit Union
Following that, the Commercial Affairs Department officers identified the man and arrested him on Thursday (16 Feb).
If found guilty of possessing machines and equipment designed and adapted for making any false instrument, he can be jailed for up to five years, fined, or both.
The 27-year-old man could face another 15 years in jail and a fine for possessing a forged valuable security, reported The Straits Times (ST).
Arrested for possession of cloned payment cards
After receiving a report that a cloned metal card was used to make an ATM withdrawal, a 27-year-old man was arrested for suspected possession of cloned payment cards.
He was also under suspicion of possessing equipment for making cloned cards.
The police seized the following from the man:
- Laptop
- Two notebooks
- Assortment of blank metal cards
- Engraving machine
- Card encoder
- Point-of-sale reader machine
- Cloned metal payment cards
Source: Singapore Police Force via The Straits Times
The 27-year-old is believed to have copied the details from magnetic stripes of over 60 original payment cards.
According to ST, he later bought blank metal cards online and encoded the card details onto them.
The police believe he had also removed and transferred the Europay, Mastercard, and Visa chips to the metal cards.
Faces up to 20 years’ jail
For possessing machines and equipment which, to their knowledge, is specifically designed or adapted for the making of any false instrument, the man can be jailed up to five years, fined, or both.
ST reported that individuals found guilty of possessing a forged valuable security could face up to 15 years’ jail and a fine.
The police said they take a serious view of any person who may be involved in the production and possession of cloned payment cards.
Those found guilty will be dealt with in accordance with the law.
Have news you must share? Get in touch with us via email at news@mustsharenews.com.
Featured image adapted from VISA for illustration purposes only.Â
