Cloned credit-card syndicates target college students

  • Nation
  • Tuesday, 10 Feb 2004

COLLEGE students have become the target clients of credit-card cloning syndicates, China Press reported. 

The daily, quoting sources, revealed that runners of the syndicates had been approaching college students, offering the cloned cards for RM300 a piece. 

The students could enjoy a credit limit of up to RM3,000 to buy goods and services they desired. 

The daily said the majority of the students came from smaller towns and were tempted by the materialistic lifestyle in the big cities. 

Cloned-card sellers would usually advise the students to use the cards discreetly, such as for topping up fuel at petrol kiosks and buying less expensive goods.  

They told the students that each transaction should not exceed RM300. 

The daily also reported that the syndicates hired runners to use the cloned cards to buy merchandise which they later sold at an attractive “discount” to a third party for cash. 

Among the popular items are electronic goods, photography equipment, jewellery and mobile phones. 

Nanyang Siang Pau front-paged an announcement by Housing and Local Government Minister Datuk Seri Ong Ka Ting that an allocation of RM55mil would be used to develop new villages this year. 

Ong was quoted as saying the allocation would be channelled to building public amenities such as bridges, roads, halls and recreational facilities. 

He added that the blueprint on the development of the villages would be ready soon.  

Under the blueprint, 452 new villages would undergo face-lifts through redevelopment and modernisation. 

“The use of the allocation will also be planned accordingly to improve the quality of life in the new villages,” he said.  

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