27 February 2017
Visit EBAday.com

Chase ATM skimmer jailed for 5 years

01 August 2012  |  5368 views  |  1 atm inserting card

A man who went on a year-long skimming spree, targeting Chase Bank ATMs in four US states and stealing more than $400,000 from victims, has been jailed for five years.

Seattle man Beneyam Asrat G-Sellassie was arrested last June and was ultimately connected to more than 30 ATM skimming incidents in Washington, Oregon, California and Nevada.

G-Sellassie targeted Chase Bank branches by installing skimmers and cameras to capture card numbers and PINs.

At the time of his arrest, the crook had 22 gift cards on him that had been converted to counterfeit ATM debit cards. In all 639 victims had their bank accounts raided of $435,489.

Having pleaded guilty in March, a judge has now sentenced him to five years in prison, five years of supervised release and more than $400,000 in restitution for conspiracy to commit access device fraud, bank fraud and aggravated identity theft.

Comments: (1)

Mark Sitkowski
Mark Sitkowski - Design Simulation Systems Ltd - Melbourne | 16 August, 2012, 06:08

Another example of old-fashioned authentication discovering its own limits. I recommend reading a powerpoint presentation entitled 'What is SteelPlatez', available from www.designsim.com.au/What_is_SteelPlatez.ppsx

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Crooks use 3D printers to make ATM skimmers

Crooks use 3D printers to make ATM skimmers

23 September 2011  |  10376 views  |  0 comments
US cybercrime czar falls victim to skimmers

US cybercrime czar falls victim to skimmers

05 September 2011  |  8027 views  |  3 comments
California skimmers jailed; felon tracked via MySpace profile

California skimmers jailed; felon tracked via MySpace profile

13 January 2011  |  7886 views  |  0 comments
Romanian police bust ATM skimming factory

Romanian police bust ATM skimming factory

04 June 2010  |  14401 views  |  0 comments
ATM skimmer sentenced to five years

ATM skimmer sentenced to five years

18 April 2008  |  9593 views  |  0 comments
Card skimmers loot $100,000 from Westpac ATM users

Card skimmers loot $100,000 from Westpac ATM users

24 May 2007  |  16857 views  |  0 comments
ATM card skimmers gaoled

ATM card skimmers gaoled

12 August 2005  |  6898 views  |  0 comments

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit dh.comvisit dh.com

Who is commenting?

A Finextra member Finextra Member Commented on: Really really really K...
A Finextra member Finextra Member Commented on: In wake of Cloudflare...
A Finextra member Finextra Member Commented on: Bank consultancy Zeb o...

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
13634 views comments | 53 tweets | 74 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8871 views comments | 40 tweets | 34 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
7654 views comments | 7 tweets | 4 linkedin
hands typing furiouslyBlockchain Technology
7436 views 1 | 18 tweets | 8 linkedin
Starling releases Open API, talks up marketplace modelStarling releases Open API, talks up marke...
7298 views comments | 19 tweets | 18 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job