Poison Ivy ATM Fraud Suspects Charged
August 4, 2011
Total Loss:
$200,000
Police attribute a rash of ATM crime to what they call the "Poison Ivy Fraud Ring."
Six suspects were charged with fraud, identity theft, computer tampering and money laundering for their alleged connection to a card-skimming scheme, The Arizona Republic reported Sunday. It did not explain the Poison Ivy label.
The suspects are accused of using skimming devices to steal ATM card data as the cards were used at TruWest Credit Union machines. The stolen card data was used to make between $200,000 and $300,000 in fraudulent withdrawals, police said.
Source:
American Banker
Posted in:
Account Takeover Identity Theft
Money Laundering