ROWAN COUNTY, NC (WBTV) - Five people were arrested in Rowan County in what investigators are calling a "large scale financial fraud scheme."
On Thursday, deputies stopped a 2011 Acura SUV, with Texas registration, on I-85 for a routine traffic infraction.
The driver of the vehicle, 28-year-old Hang Zheng, a resident of Houston, Texas, and a Chinese National, gave the deputies consent to search the vehicle.
Those deputies found a credit card decoder and 17 forged credit cards.
The scheme, officials said, was to falsely encode information on credit cards using fraudulent bank account numbers and falsely alter encoded information on the cards by altering bank account information on magnetic strips.
Zheng, 18-year-old Guoxiang Chen, 16-year-old Steven Ye, 17-year-old Li Ying Dong, and a 15-year-old juvenile claimed to be traveling from New York to Houston, deputies told WBTV.
All five were arrested and charged with 17 counts of credit cards forgery and one count of possession of a financial transaction card device.
Zheng, Chen and Dong were also charged with one count of contributing to the delinquency of a minor and Ye was charged with one count of resist, delay and obstruct.
The 15-year-old, who officials said had a fictitious Georgia license, was charged with unlawful display of a fictitious license/learner's permit.
All four adults were taken before Rowan County Magistrate S. Blount and placed under a $500,000 bond each. The juvenile was taken into custody by Juvenile Services, and is being held in Alexander County.