Saturday, March 15, 2014

Several charged in credit card fraud investigation


Five people were arrested in Rowan County in what investigators are calling a "large scale financial fraud scheme."

On Thursday, deputies stopped a 2011 Acura SUV, with Texas registration, on I-85 for a routine traffic infraction.

The driver of the vehicle, 28-year-old Hang Zheng, a resident of Houston, Texas, and a Chinese National, gave the deputies consent to search the vehicle.

Those deputies found a credit card decoder and 17 forged credit cards.

The scheme, officials said, was to falsely encode information on credit cards using fraudulent bank account numbers and falsely alter encoded information on the cards by altering bank account information on magnetic strips.

Zheng, 18-year-old Guoxiang Chen, 16-year-old Steven Ye, 17-year-old Li Ying Dong, and a 15-year-old juvenile claimed to be traveling from New York to Houston, deputies told WBTV.