31 more individuals indicted in ‘ATM Jackpotting’ operation, with funds linked directly to Tren de Aragua leaders
New Indictments in Massive ATM Fraud Scheme The Department of Justice (DOJ) announced on Monday that 31 additional individuals have been indicted in relation to a large-scale “ATM jackpot” scheme associated with the criminal organization Torren de Aragua (TdA). With 56 people already indicted, this latest round brings the total to 87 as federal authorities […]
Strategy’s STRD credit spread narrows as weekly ATM issuance reaches all-time high
STRD Credit Spread Tightens Amid Demand Strategies (MSTR) Junior Preferred Stock, known as stride (STRD), experienced a further tightening of its credit spread over the weekend. This shift may suggest a strong demand for the company’s highest-yielding preferred stock. As of December 12, the spread between STRD and 10-year U.S. Treasury yields dropped to a […]
Officials caution about increasing cryptocurrency ATM fraud in Hawaii
Rising Cryptocurrency ATM Fraud in Hawaii In Hawaii, there’s an alarming increase in cryptocurrency ATM fraud, posing a significant risk, particularly for seniors, as the holiday season approaches. Cary Lopez, the AARP State Director, referred to this scam as an “epidemic” during a briefing held on December 3 by the House Consumer Protection and Commerce […]
Suspected planned ATM robbery captured on video as various individuals escape the location
Video Showing Failed ATM Robbery at Walgreens The Pierce County Sheriff’s Office in Washington has released new footage of a botched attempt by thieves to steal an ATM from a Walgreens store. The video captures a group using a stolen truck to breach the store before taking off, highlighting what investigators are calling a well-planned […]
New Android malware allows immediate ATM withdrawals through your phone
New Android Malware Threats Smartphone banking has undoubtedly made transactions easier, but it’s also opened the door for cybercriminals. In recent years, instances of Android malware stealing passwords, intercepting one-time passwords (OTPs), and even controlling phones remotely have surged. Some scams rely on fake banking apps, while others employ phishing messages that prompt users to […]
Suspects in ATM jackpotting case take $175,000 in cash during theft, according to police
Authorities are currently on the lookout for a group of suspects involved in a recent ATM theft in Virginia, where they managed to take $175,000 from a machine, part of a troubling trend known as “jackpotting.” This method involves cyber-physical techniques where criminals access ATMs by either installing malware or using devices that manipulate the […]
Wisconsin senators introduce a similar bill to address crypto ATM scams
Lawmakers in Wisconsin have proposed a new bill that aligns with previous legislation put forth in the House of Representatives. Senator Kelda Lloyds, along with six other Democrats, recently introduced Senate Bill 386, which acts as a counterpart to Congressional Bill 384, which was also presented on July 31. This bill mandates that operators of […]
Undocumented Immigrant Sentenced to 10 Years in Prison for ATM Skimming Operation
Romanian Man Sentenced for Skimming Welfare Cards A Romanian national has received a 10-year federal prison sentence for his involvement in skimming thousands of electronic benefits transfer (EBT) cards, affecting recipients in New York and California. This information was disclosed by authorities on Monday. Catalin Marius Graur was sentenced by US District Judge Mark Scalci, […]
Every Greek bank in a single ATM
Greek Banks Consider Joint ATM Model Greek banks are actively exploring a shared ATM model to tackle the high expenses of developing and maintaining ATMs. This initiative follows new legislation aimed at eliminating cash withdrawal fees, while still promoting ATM development and expansion. This model has been effectively utilized in Portugal under the name Multibanco, […]
Summer youth job program debit cards linked to $17 million ATM fraud scheme: sources
A debit card issued by NYC for participants in the Summer Youth Program was exploited by a scammer who raked in $17 million within just three days earlier this month, according to sources. This fraud is currently under investigation, with reports indicating that ATMs across the city were targeted for substantial cash withdrawals from July […]