Credit card cheats bought tools on eBay

The gang floated a fake company and got a swiping machine to steal critical information; siphoned off Rs 70 lakh

The gang floated a fake company and got a swiping machine to steal critical information; siphoned off Rs 70 lakh

Delhi had become a dangerous place, so Shahnawaz shifted to Noida. But, he did not stop living dangerously.
The Bachelor of Computer Applications dropout had found an easy way of making money and instead of mending ways after being arrested in 2008, he shifted his operations to another base.


Members of the gang in police custodyu00a0u00a0pics/Imtiyaz Khan

Noida was where Shahnawaz and his two other accomplices turned true professionals and bought a Magnetic Strip Reader and Writer (MSRW) on eBay. Though studies never attracted him, Shahnawaz learned enough to know how to hack into an account and manipulate personal details through online banking.

The gang, which was nabbed by the Noida police, on Wednesday had siphoned off Rs 70 lakh by way of credit card fraud over a period of three years. Apart from Shahnawaz, the police also arrested Shabbir and Mohd. Afaq and seized fake credit cards, debit cards and a laptop.

Shahnawaz, a resident of Sahibabad, Uttar Pradesh, told the police that he learned the tricks of the trade from one Sajid who runs a similar racket in Mumbai.

The gang used copy the information of any credit card and credit card through their MSRW. Moreover, through a hit and trial method they use to look for websites that sell Card Verification Value (CVV), also known as Card Security Code, a security feature for credit cards. After getting the account detail and CVV they use to put this data on the debit card and then siphoned hefty amounts.

According to the police, to obtain a card-swiping machine they also floated a fake tour and travel company Diamond tours and travels.

"They gang was earlier nabbed by the Delhi Police in 2008 but were released on bail in January 2009 after which they shifted base to Noida. They used to buy card detail from Internet and transfer it to a blank card," explained Rajiv Mishra, Circle Officer, Noida.

The Noida police nabbed the gang from outside the Great India Place mall gate number 4. The police are investigating the matter and on the trail of other related to their network.

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