Tuesday, May 14, 2013

Scenes from a $ 45m bank heist

U.S. authorities say that cyber thieves used an elaborate scheme involving stolen pre-paid debit card information to steal $45 million from banks.

Alleged thieves Elvis Rafael Rodriguez and Emir Yasser Yeje snapped a picture of themselves with a pile of about $40,000 in cash.
The eight residents of Yonkers, N.Y. charged by federal authorities in the $45 million global bank heist were foot soldiers in the scheme, known as a "cashing crew." They hit ATMs all over New York City and stole $2.8 million in two separate attacks this past December and February.
While the eight were taking the money from the New York banks, additional co-conspirators made more than $42 million in withdrawals at other banks across the world. Authorities are still searching for other members of the global crime ring, Lynch said.

The ring used prepaid MasterCard debit cards that were issued by the National Bank of Ras Al-Khaimah PSC, located in the United Arab Emirates, and the Bank of Muscat, located in Oman. The thieves hacked into the banks' systems to drastically increase the amount available on the cards, and then used the information about the cards to withdraw money at banks around the world.