Bank employee arrested for using counterfeit cards to withdraw cash

BANGKOK: -- Economic Crime Suppression Division police yesterday arrested a bank employee who forged ATM cards of clients and used them to withdraw cash.

Damage assessment is being carried out and investigators are checking to see if the man had any accomplices.

Police seized 6 ATM cards along with 20,000 baht in cash and a red colored motorcycle belonging to Direk Kaewchuchert.

The 50 year old man is a Thai Military Bank employee.

He was arrested at Lad Pla Khao Soi 76 located in Bang Khen district while attempting to make a withdrawal from an ATM machine.

ECSD police were made aware of his activities after officials from the Thai Military Bank notified them that several withdrawals had been made from their ATM machines using counterfeit ATM cards.

Reviewing closed-circuit camera footage eventually resulted in the man’s arrest.

Police said they discovered that the suspect was closely monitoring bank accounts that belonged to foreign clients with low activities.

After locating these accounts all relevant details were noted down and were then used to create counterfeit ATM cards.

These cards were then employed to make withdrawals.

Source: http://englishnews.thaipbs.or.th/content/150111


-- Thai PBS 2016-02-09

He was probably hoping they were dead so they wouldn't notice any money being withdrawn.

Hopefully TMB will be covering their clients losses.

If you can't trust the employees, who can you trust ?

Targeting farang accounts.... How clever....

Them farang have too much money anyway...

Targeting farang accounts.... How clever....

Them farang have too much money anyway...

Not necessarily farang, could be Chinese, Japanese, Arabian etc, all foreigners..

Hopefully TMB will be covering their clients losses.

It's more likely they will be covering their own asses than any customer losses.

If you can't trust the employees, who can you trust ?

I think the answer to this question in Thailand is quite simple. TRUST NO ONE.

...just a bloody drop in the bucket....

So, basically anybody working in a bank can hook up a new atm card to your account and plunder that account?

So, basically anybody working in a bank can hook up a new atm card to your account and plunder that account?

Yup - and can even select the PIN number to use... My card's account holder line just says "Hip Card". Most places don't even require you to input the PIN, they just swipe it, and want a signature - without ever checking does it even match the signature line Only thing one can't do is online purchases, but if you've configured the PIN on the card in the bank, you'd have no problem withdrawing money from ATM's, nor to use them in any points of sales, even the PIN would be required, and the cards basically anonymous

If you can't trust the employees, who can you trust ?

Here ? nobody.

The screwed up part.. Banks only care if it's a credit card and not a debt card.

24 hour live support if you lost or had fraudulent charges to your credit card..

Call back during normal working hours if the same shit happened to your debt card..

Your ATM debt card - the banks pretty much will tell you, if it's a cash withdrawal at an ATM and your PIN was used, you're responsible..

Last month at a KrungSri ATM - tried a 30000 baht withdrawal, two msg popped up.. #1st Msg. Entered wrong pin.. #2nd. Contact your bank..

No money was disperse, no message take your money, no sounds of $$ getting ready to be dispersed..

Going on 8 weeks BofA investigation, with no word if the temporary funds credited to my account will eventually be taken back..

For all I know this bank employee may have took it...

Edited February 9, 201610 yr by D3030

If you can't trust the employees, who can you trust ?

I have suggested that inside jobs are happening with card skimming, just the tip of the iceburg here.

20k and a red motorbike. Heist of the year.

20k and a red motorbike. Heist of the year.

He is supposed to be responsible for 40 Million in losses to the bank, must have been doing this a while, wonder where the money went???

Not chicken feed .

The guy is undermining the little trust we still have in banks. Fry him !

Well, the Thai police are among the biggest crooks in Thailand.

So there is a certain continuity in bank employees stealing money

from the bank customers... Am pretty sure the police are working

hard to find out where the 40 million baht is...

Happened to me at Bangkok Bank about 7 years ago. I was down about 50K from what I thought I had. Went to the Bank & they gave me a list of ATMs for every withdrawal. Some were in Sattahip - a place I had hitherto never visited; others in ATMs in Pattaya areas where I never went. The arrogant manager found it so tedious & could barely disguise his lack of concern. He said it must be my girlfriend to whom I had given my PIN. I would never do that + my then-girl, I and ATM card were inseparable; she never went anywhere without me.

About bank employee crooks..

In the last 13 years, I seen 4 times, 2 women (not the same women), insert blank ATM cards with PIN written on the card - and withdraw funds! One withdrew the $$ - as the other wrote things down..

If the cards worked or not, they would keep shoving the same card/pin until nothing would come out..

Three of the times, there were people behind them waiting to use the ATM.. Some got tired of waiting and left, as I did..

The very last time I seen this happen, it was only me in line, watching them stick card, after card taking money out.. This time I stood back an tried to not let them see me snap a photo of them..

They eventually left, straight into a car with a guy waiting for them..

Anyway.. I waited a few days, went into the bank this particular ATM was at. Told one of the tellers what I saw. The response was a friendly no problem..

Maybe it was nothing or maybe it's a much bigger problem?

you really cant trust anyone these days even bank employees are at it but they get caught eventually crime does not pay/.

20k and a red motorbike. Heist of the year.

He is supposed to be responsible for 40 Million in losses to the bank, must have been doing this a while, wonder where the money went???

Not chicken feed .

Where are you seeing the 40 million baht figure in reference to this case?