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Video: Arrested POS Fraudster Explains The Trick He Used To Defraud POS Vendors



This article features a fraudster who specializes in defrauding POS vendors using a particular trick he explained. Read to the end to hear his confession on how he normally tricked his victims.

A young man was captured in a new video recently shared online as he was being interrogated for defrauding POS vendors.


At first, the young man was asked whether he was a thief? But he began to stammer. So the angry interrogators already put a tire around him and wanted to give him a severe beating, but he began to cooperate. Finally, he said that he is not a thief but a POS fraudster.


He was asked how long he has been in this defrauding business, but he said that he has not reached a year.

He was further asked how he normally defraud the POS vendors?

He simply explained that he used a computer software called 'Oracle', which help him to send a fake alert to the POS vendors.

According to him, once you connect your bank account with the 'oracle' app, you can transfer money to another person and the person will see the alert, but after 24 hours, the money will revert back to the account holder because the banks don't recognise the medium used.


He went ahead to mention a few places where he successfully defrauds. But there is a particular one that the interrogators wanted him to confess that he was responsible for the defrauding, but the young man denied that. The angry Interrogators began to beat him.


Watch Video Below:


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