Fraudulently purchased goods were being shipped

Royal Cayman Islands
Police have recently recovered more than US $7,500 in fraudulently purchased property that was about to
be shipped from the Cayman Islands, according to investigators with the
Financial Crime Unit.
 
The investigation by the unit revealed that bank cards
belonging to customers were used to make some of
the purchases. Police said those have been compromised through completed
transactions by people who have obtained
the personal card details of the legitimate cardholders resulting in the loss of
funds.

We have recently
identified a number of fraudulent transactions by persons currently in police
custody,” Detective Constable Richard Clarke
said. “The Financial Crime Unit,
in working with officers from the Criminal
Investigation Department, were able to recover most of the fraudulently
purchased property from a container prepared to be shipped abroad.” 

Detective Clarke said the items from the container cost
an estimated US$7,654.84

Mr. Clarke said the
investigation has identified that bank
account holders, while still in possession of their actual bank
card, become victims of fraud where the
card information is cloned to another card
with the details for use.

Please see more on this story in this week’s editions of the Caymanian Compass…

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1 COMMENT

  1. Alarm bells should go up everytime somebody tries to ship materials out of Cayman – after all, it’s so expensive to bring materials in, why ship them back out?

    All outgoing continers should be searched – empty containers should all weigh the same.

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