Bank fraudster nabbed in Manila

MANILA A 31-year-old college dropout who stole details of bank account holders by putting up a fake website using a real bank's trademark and name has been arrested by the National Bureau of Investigation (NBI).

Operatives of the NBI Cybercrime Division (NBI-CCD) arrested Kli Ban Agarrado in Manila Thursday.

A local commercial bank sought the NBI's help against Agarrado who took advantage of the victims who would later discover the illegal transfer of funds from their accounts by a false-created customer facility who lured the victims in referring the persons to a bogus Facebook account of the bank.

After months of surveillance, Agarrado was arrested for violation of Section 4 (b)(2) of Rep. Act No. 10175 for Computer Related Fraud and Republic Act 8484 or the Access Devices Regulation Act of 1998.

At least 25 individuals have been victimized by the suspect, the NBI said. (PNA)

Source: Philippines News Agency

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