According to Csoonline, US authorities have arrested a man accused of being a lynchpin in a major ATM skimming fraud that stole at least $1.5 million (970,000) from 40 HSBC cash machines in and around New York.
The US Attorney's Office published charges against Romanian national Laurentiu Bulat who it alleges acted during 2011 as the "installer" for a gang seeking to steal money from machines in Manhattan, Long Island, and Westchester. The gang installed skimming devices to record account data from the magnetic strip on bank cards as they were used, discovering the PINs using tiny pin-hole cameras. Fake cards were made from the stolen data which was used to remove cash from the accounts.
Bulat was arrested on 5 January after being observed by the US Secret Service installing skimming devices at ATMs in Manhattan.
Read more at http://www.csoonline.com/article/697737/police-arrest-atm-skimmer-after-1.5-million-stolen?source=rss_data_protection
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