3 Malaysians nabbed in Perth for A$90,000 fake credit card purchases

THREE Malaysian tourists have been charged for allegedly purchasing more than $90,000 (about RM255,000) worth of jewellery and electrical goods with fake credit cards across Perth.

The two women, aged 21 and 26, and a 31-year-old man, had apparently travelled from the eastern states of Australia to Perth earlier this month and made the  purchases at various shopping centre stores using altered credit cards and false identification. 

Australian news agencies reported that police major fraud squad detectives apprehended the trio following a probe into the use of the counterfeit cards after shop owners alerted them. They are due to appear in the Perth Magistrate’s Court today.

Detective first class constable Rulan Carr from the Police Fraud Squad told ABC News that the suspects  were  traced to the Perth Airport where they were about to board a plane on Wednesday.

The 21-year-old woman was first to be arrested and was in possession of a suitcase allegedly containing a large quantity of jewellery and laptop computers, estimated worth more than $90,000.

The two others were found by police, also at the airport, and taken into custody on suspicion of being involved in the scam.

Debit cards and other documentary evidence were also discovered.

“The items were seized and the persons were charged with various fraud offences,” said Carr. “Investigations are still continuing into those items.”

Further charges are expected to be laid against the three.

Source  :  http://www.mmail.com.my/content/3-malaysians-nabbed-perth-a90000-fake-credit-card-purchases

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Trading places on the net

Two WA businesses have joined forces to resurrect the 80s trend of home trading to give today’s buyers a new approach in the tough economic climate.
  
Tradehomes.com.au launched last week, in conjunction with OrangeTee Real Estate, to offer a forum where sellers can advertise their properties and negotiate an equal trade for other property, cash or any item with an asset value.
  
Common trade items include houses, land, vehicles, boats, gold, gems, stocks, bonds and jewellery, providing the traded assets total the value of the property’s price.
  
Trade Homes Australia director Kara Tripp said the service was nothing new but was giving a new breed of buyers and sellers a fresh option in a difficult market.
  
“At the end of the day, trading has always been going on behind the scenes, with people exchanging properties for properties etc; we are just creating a forum for people to do it,” Ms Tripp said.
  
“It is getting harder for some buyers to get finance so it is just thinking outside the box. If they have other assets, such as a boat, it is essentially turning that into property.” 
   

OrangeTee Real Estate was theexchanging properties for properties, providing support for traders at the negotiation and settlement stages.
  
“A lot of people get quite daunted when it comes to negotiating deals, so we thought it would be helpful to have experienced real estate agents on board, for people who like the idea but are not comfortable doing it themselves,” Ms Tripp said.
  
So far, one deal has involved the trade of an apartment for assets that included gemstones and gold.
  
REIWA president Rob Druitt said the practice was fine as long as it was well managed and researched, with all parties seeking the appropriate valuation and advice before entering into discussions.

 

LOUISE BAXTER  www.thewest.com.au

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