More Arrests in $45 Million ATM Theft. One of Co-Conspirators Killed in Dominican Republic

Posted: November 20, 2013 in Uncategorized

IDG News Service — Six more alleged participants were arrested Monday in a US$45 million global ATM fraud, including one man who was photographed stuffing $800,000 into a suitcase, federal prosecutors in New York said.

The defendants are alleged to be part of a New York cell that used bogus payment cards to withdraw millions of dollars from more than 100 ATMs in a matter of hours, according to the U.S. Attorney’s Office for the Eastern District of New York.

Defendants Anthony Diaz, 24; Saul Franjul, 23; Saul Genao, 24; Jaindhi Polanco, 29; and Jose Angeley Valerio, 25, pleaded not guilty to charges of conspiracy to commit access device fraud, according to a spokesman for the U.S. Attorney’s Office. They face a possible seven-and-a-half years in prison. A sixth defendant, Franklyn Ferreira, was arrested later on Monday but had not been arraigned, the spokesman said.

Hackers raised the withdrawal limits on the cards after breaking into prepaid Visa and MasterCard credit card processors in the U.S. and India, which handled transactions for the Bank of Muscat, based in Oman, and the National Bank of Ras Al-Khaimah PSC, also known as RAKBANK, in United Arab Emirates.

The style of attack is known as an “unlimited operation,” prosecutors said. Neither of the prepaid debit card processors has been identified.

The Bank of Muscat lost $40 million in February when criminals made withdrawals, prosecutors said in May when they announced the first indictment.

http://www.cio.com/article/743402/Six_More_Arrested_in_Breathtaking_45_Million_ATM_Theft?source=rss_all&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+cio%2Ffeed%2Farticles+%28CIO.com+Feed+-+Articles%29

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