German living in Cambodia charged with $2M bank fraud

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German living in Cambodia charged with $2M bank fraud

Post by CEOCambodiaNews »

8 February 2018
- A German court has charged a man with fraud for allegedly siphoning more than $2 million from private bank accounts while living in Cambodia.

In a joint statement on Wednesday, a prosecutor in Stuttgart and the Baden-Württemberg State Office of Criminal Investigation said the suspect, a German national, was arrested last April while returning from Cambodia to Munich. According to the statement, he had been conducting the fraud since February 2016. Due to German privacy laws, the document does not identify the alleged perpetrator. It also does not clarify when charges were filed.

He was accused of calling banks in Southern Germany pretending to be an account holder, and managed to gain access to others' accounts. In all, authorities said he made more than 500 fraudulent transactions.

Heffner said there was no cooperation between German and Cambodian authorities and that a German liaison officer based in the region had worked on the case. He declined to identify the banks that had been subject to fraud.
http://phnompenhpost.com/national/germa ... rged-fraud
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