Personal Finance Guide

This is a true story of real fake. It is about Mr. Anup Patel, a Computer Engineer of Kingston University who was the master mind behind this entire credit card fraud. He has made approx. 20 lac Pounds from 19,000 card accounts through his fraudulent activities. He had conceived the idea of stealing money from the banks since his college days. In due course he developed the software and successfully accomplished his mission.

How the Scammer did the operation?
In Britain many people use chip card during credit card purchase. He used his own technology to steal credit card information from different payment terminals. According to the investigators, he used to set hidden cameras at the roof near the payment terminal. Then through his ’secret data reader’, all the card information was being transferred to his computer. He created duplicate cards with that information and withdrew cash from ATMs.

Within a few days, he was able to expand his market through his appointed agents in different countries like Turkey, Thailand etc. It is suspected that in most cases, the card information was leaked from the Petrol Pumps. It is being assumed that workers may have been connected with the network.

Anup Patel has his own ‘Research Center’ in South London where his team worked for technological research and creating false cards. Around 19,000 people around the world were victims of the credit card scam. He was so desperate and confident in his work that he challenged London Police if they could catch him. He compared himself as the hero of the Hollywood film ‘Catch me if you can’ and called up the police department. Finally he was sentenced to 6 years of imprisonment last week.