Alipay loan ‘swindle’

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May 6, 2016

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Alipay loan ‘swindle’

Source: Shanghai Daily | May 6, 2016, Friday |

Print Edition

A man who stole six online stores’ Alipay accounts and swindled more than 2.5 million yuan (US$384,000) using the online payment platform has been arrested for fraud, prosecutors in Songjiang District said. According to prosecutors, one of the store owners, surnamed Liu, found he had to repay a “loan” of nearly 1 million yuan when he checked his Alipay account. Fearing he had been defrauded, he called police.

Police targeted the suspect, surnamed Fang, using the cellphone number and account information left in Liu’s Alipay account. Fang was captured in Guangzhou on March 7.

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Alipay loan ‘swindle’

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