A family of 12 POS machines drove one hundred million dollars a year

A family of four dwells in a 30-square-metre apartment in the sunny Parisian district of Quanzhou. Facing 12 POS machines every day, they are swiped in cash and are cashing in more than 100 million yuan a year. Yesterday, the Quanzhou Public Security Bureau Economic Investigation Detachment announced to the public that this "swiping cash out of the family workshop" has been turned off by the police. There are currently 2 criminal suspects being detained.

It is understood that in these 12 POS machines, some suspects have applied for and purchased outside the province, while others have rented it from other merchants. According to the police, banks have loopholes in the issuing and supervision of POS machines. It is suggested that financial institutions should pay attention to the daily supervision of POS machines and strengthen the communication with the police in order to jointly crack down on illegal cash withdrawals.

【case】

Sell ​​tea sets for credit card consumption?

Advertising reveals the tail of a fox

In early May of this year, a classified advertisement entered the sight of the police. The advertisement said: "The tea sets are wholesale and can be used for credit card spending." The experienced civilian police can see at a glance that this merchant has the suspicion of swiping cash. Afterwards, the police contacted the suspects on the phone that they had left on the advertisement and learned that the swipes were nesting in a rental house in the Sunshine Paris district of Quanzhou.

On June 10, after finding out the situation, the police went to the sunny Paris district for arrest. In the room with less than 30 square meters, 12 POS machines were placed next to more than 100 credit cards and dozens of consumer tickets. The three women and men in the room were controlled by the police. The three women were Chen Mouxi and Chen Moumei, two sisters, and their mother Lai Mou. The man surnamed Peng was Chen Mou's boyfriend.

Of the 4 people, Chen Mouxi began engaging in such illegal cash "business" since June 2008, and later brought her sister Chen Mou and her boyfriend Peng Mou into it. After this, Chen Mouxi is responsible for applying for or renting a POS machine to others. Chen Moumei is responsible for brushing the credit card for the customer and recording the daily transaction details in the account book. Peng Mou is responsible for taking cash to the customer and sometimes holding a business card. Distributed to the streets, mother Lai is doing housework in the rental house.

According to the information provided by the bank, the 12 POS machines in this rental house have several credit card records every day, and the total amount of cash collected is as high as 100 million yuan in only one year. At present, Chen Moumei and Peng Mou have been detained by criminal detention, and Chen Mouxi is because the child is not full of age and is still breast-feeding.

【Secret】

Even the mother responsible for cooking

Apply to a POS machine

According to the police, among the cash-settling cashiers, part of them are working-class workers. They often use credit cards to take a small amount of cash for emergency because of their tense life. The cash amount of this group of people is generally not much, ranging from a few thousand to twelve to ten thousand; Some of the cashiers are businessmen. They often have several credit cards in their hands. When business turnover is difficult, they will use this method to withdraw funds. The amount is generally tens of thousands to one hundred and twenty thousand.

It is precisely this demand, so that the market has gradually emerged as a professional credit card cash-saver, such as Chen Xixi, they provide POS machines to help others swipe cards, and charge a fee of 0.8% to 2% of the fee. Assume that the customer needs to cash out 40,000 yuan through the POS machine. The transaction fee charged by the bank to the owner of the POS machine is not more than 50 yuan. The owner can receive 400 yuan even if he only receives 1% of the fee, after deducting the bank charge. After 50 yuan, the net profit is 350 yuan.

Some of the 12 POS machines in this “home workshop” were rented from others at a rent of 3,000 to 5,000 yuan per month, while others were suspects who went to the banks of other provinces to apply for and purchase them. In the name of mother Lai, a bank in Zunyi, Guizhou Province successfully applied for a POS machine. Although the purchase cost of a POS machine was more than 10,000 yuan, they used POS machines to illegally cash out 7 million yuan less than half a year. yuan.

Chen Xixi, Chen Moumei, and Peng Mou have college degrees. Before they had a good job, but under the temptation of huge profits, they started a “swipe cash” business and were captured by the police. It said that swiping cash is just "using the bank's institutional loopholes." I do not know that this is an illegal act.

[Police advise]

POS issuing and management

Vulnerabilities need to be strengthened

The police claimed that the loopholes in the issuance and supervision of POS machines in banks have contributed to the illegal use of POS in the society. When customers apply for POS machines, banks should strictly check the situation, check whether the customers meet the conditions for applying, and whether there are actual Business activities, and in the use of POS machines, banks should also strengthen the monitoring of account capital transactions. If they greatly exceed the actual amount of business, it is likely that there is suspicion of POS illegal cash. The police suggested that financial institutions should strengthen communication with the police in order to effectively combat illegal cash out.

[Extended reading]

Swiping more than 1 million cash can be investigated for criminal liability

In December 2009, the judicial interpretations issued by the two companies clearly stipulated that the use of point-of-sale terminal equipment (POS machines) and other methods to directly pay cash to credit card holders through fictitious transactions, imaginary open prices, cash returns, and other serious circumstances. Conviction and punishment for the crime of illegal business. If the amount is more than 1 million yuan, or if the financial institution’s funds exceeds 200,000 yuan and is overdue, or if the economic losses of financial institutions are more than 100,000 yuan, it shall be deemed that the circumstances are serious; if the amount is more than 5 million yuan, or If the financial institution’s funds exceeds 1 million yuan, or if the financial institutions cause economic losses of more than 500,000 yuan, it shall be deemed that the circumstances of the article 225 of the Criminal Law are particularly serious.

The police claimed that through cashing, the cardholders were equivalent to an interest-free loan in a 50-day repayment period. If the cardholder is still unable to make a payment, the bank will have bad debts. Since the credit card is cashed out of the bank's normal credit channel, it is out of supervision and control and seriously disrupts the financial order.

Swiping card cash is also not a small risk for cardholders. Since many cardholders have the habit of “retaining cards by card”, the money on A-cards is not refunded, and the money on B-cards is returned. The amount will increase. If it is not enough, it will leave bad credit records in the bank's credit, and it will be more difficult to apply for bank loans such as loans later. It may even be due to malicious overdrafts and be suspected of credit card fraud and be held criminally liable.

Next:Installation, use and regulation of marine diesel generator sets
Prev:Zhejiang Zhuji, a sedan accident escape, killing people and causing a death and three injuries