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Spanish police arrest eight in $45 million global ATM fraud |
December 30, 2013
Spanish police said Sunday eight people have been arrested who allegedly aided a global ring that stole millions from two banks through fraudulent ATM withdrawals.Six Romanians and two Moroccans are accused of making 446 withdrawals totaling €285,000 (US$392,000) using cloned payment cards at ATMs in Madrid in February, according to a news release from Spain’s Interior Ministry. They’re also alleged to have stolen €68,000 in December 2012.Spain’s roundup adds to arrests made by the U.S. and Germany in the scam, which saw the Bank of Muscat, based in Oman, and the National Bank of Ras Al-Khaimah PSC, also known as RAKBANK, in United Arab Emirates, lose $45 million.The well-planned thefts hit the banks twice, in December 2012 and in February, using a network of people who synchronized withdrawals using stolen payment card numbers at ATMs around the world.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2083280/spanish-police-arrest-eight-in-45-million-global-atm-fraud.html#tk.rss_all
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