May 192010

Another follow-up to previous coverage here:

A former policeman in Hong Kong began a four-year jail sentence Tuesday for his part in a global scam in which 10 million US dollars was stolen using cloned credit cards.

Cheung Hoi-wing, 40, was recruited as one of five Hong Kong “cashers” in the international plot masterminded by a gang of Russian and Eastern European computer hackers in November 2008, a Hong Kong court was told.

The cashers stole 4.2 million Hong Kong dollars (538,000 US dollars) from Hong Kong branches of RBS WorldPay, a division of the Royal Bank of Scotland Group Plc, using cloned debit cards provided by the hackers, prosecutors said.

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