News Forum - Credit card loaned to buy cosmetics used for 6.7 million baht spree

[Thaiger]

What’s your credit limit? Two people were arrested in Bangkok, accused of using a borrowed credit card to rack up 6.7 million baht worth of purchases. The pair were arrested by the Crime Suppression Division Police in Ramkhamhaeng Soi 68 in Bangkapi on Tuesday, though they deny any wrongdoing. The pair of alleged fraudsters is a 47 year old Thai woman and her 51 year old Thai male accomplice who is believed to be a motorcycle taxi driver in Bangkok. The owner of the credit card gave the card to the accused woman in order to make a purchase, but […]

The story Credit card loaned to buy cosmetics used for 6.7 million baht spree as seen on Thaiger News.

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[Travisa]

I’m not sure who is more stupid…the people using the card or the one who lent.   

Edited December 23, 2021 by Travisa
Grammar

[ThaiEyes]

Here’s a theory: The woman who “loaned” the card was in on this scam, probably in order to defraud the credit card company. Just a theory though

[oldschooler]

1 hour ago, ThaiEyes said:

Here’s a theory: The woman who “loaned” the card was in on this scam, probably in order to defraud the credit card company. Just a theory though

have to presume she was….. in any event she violated card terms……giving card & code to others…..

so zero compensation for her as card holder….but she will just default……all her credit everywhere pulled for sure…..hope she got that bank mortgage first and car loan………court order will eventually seize any assets in her name….. until then the bank is out the 6.7 mill of its fake divital “money” …..she will have her share of the loot to live on…… morally I personally have no issue in the soulless banks or corporations getting screwed like this…..if in fact they haven’t bought that “credit default” insurance….which might not apply as that “ money” was actually Stolen…….
 

question is can you actually steal money that was generated & existed only on computer ? I say No but Law will say Yes. Suppliers have been paid so cannot be touched by Banks under their terms ? Probably can though as cc in name of Female but Suppliers allowed Males to use it, without asking for matching ID and thieves themselves not physically matching card or ID. A really stupid error by the thieves and suppliers……maybe ALL in on it ?

[Dedinbed]

16 hours ago, Thaiger said:

. The owner of the credit card gave the card to the accused woman in order to make a purchase, but

well there you go then .. would you put your head in the mouth of a lion and then be surprised if he decided to bite it off .. 

[longwood50]

On 12/23/2021 at 9:36 PM, Thaiger said:

borrowed credit card to rack up 6.7 million baht worth of purchases

Hard to believe someone had a credit card with that high of a limit on it.  Also, I would have thought the bank would have sought the cardholder out seeing the tremendous increase in card usage.