Four Arrested for Skimming $1.5 Million From ATMs in Miami, Chicago, and New York
They used sophisticated technology known as skimming to steal customers' bank information. The suspects are alleged to have replaced PIN pads inside the banks at the teller counter with identical-looking pads that recorded the customers' bank information. The men were then able to access that information remotely.
The ring also manipulated ATM machines to record customers' data. "Skimmers" would be placed over the card slot at ATMs to record bank card data. An overlay pad placed atop the regular key pad would then record the customers' PIN numbers.
"Skimming is a devious form of high-tech robbery that threatens the integrity of our financial institutions and the privacy of banking customers," Manhattan U.S. Attorney Preet Bharara said in a statement. "Today's indictment deals a significant blow to one alleged skimming ring, and along with our partners at the Secret Service, we will continue to pursue and prosecute the perpetrators of these schemes."
The ring is believed to have targeted Chase and Citibank branches. All four could now face 60 years in prison.
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