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A 21-year-old man was today (October 24) jailed for two years and four months after being convicted of one charge relating to a payment card fraud.
The District Court heard that in December 2006, a credit card company reported to Police Commercial Crime Bureau (CCB) that somebody had used false documents to apply for credit cards.
Following extensive investigation, CCB officers arrested two men aged 28 and 21 in January and August this year respectively.
A search on the 28-year-old man¡¦s home led to the seizure of 37 credit cards with different customer names and other suspected false documents. Further enquiries found that the syndicate has made use of false documents to apply for credit cards. It then used the credit cards for buying goods or withdrawing cash, resulting in a total loss of about $650,000.
The 28-year-old man was subsequently sentenced to two years and eight months¡¦ imprisonment for fraud, possessing false instruments and possessing equipment for making false instruments in August.
The remaining 21-year-old man was later charged with one count of conspiracy to defraud.
Police Report No.3
Ends/Wednesday, October 24, 2007
Issued at HKT 20:06
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