Saturday, 02. November 1996

ATM Fraud in Israel - The Polish Gang

Yediot Aharonot, October 23, 1996

A judge in Tel Aviv has ordered the remand in custody of two additional suspects in a major ATM fraud case, who will join five businessmen from Poland. The gang are suspected of having prepared thousands of counterfeit ATM cards. The police claim they had purchased tens of thousands blank plastic cards in Greece, on which they recorded the magnetic stripe and on each there was a sticker with the PIN. A Israeli computer expert, Daniel Cohen of Ramat Gan, also in custody, obtained the codes and manufactured the cards. The Polish businessmen financed the operation, and planned to bring foreign workers from Poland to use the cards to withdraw money from ATMs. The police have photographs of suspects standing next to ATMs holding quantities of forged cards. They had used them to withdraw 1,500 Israeli Sheqels (500 US Dollars) each, to a total of IS 600,000 (US$200,000).

Jonathan Rosenne, JR Consulting, PO Box 33641, Tel Aviv, Israel +972 50 246 522 +972 50 246 522 http://ourworld.compuserve.com/homepages/Jonathan_Rosenne/ [Jonathan Rosenne <rosenne@NetVision.net.il> via risks-digest Volume 18, Issue 57]
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