ATM SCAM: Thieves stuff more than $214,000 down their pants

ATM SCAM: Thieves stuff more than $214,000 down their pants
Tags: Bank / Credit Union, Other, Regulatory Issues, Security
September 1, 2008

Finextra: Two former bank workers at an Abbey branch in London managed to steal more than Â£120,000 (U.S. $214,000) from bank ATMs by stuffing wads of notes down their trousers. According to press reports, the two men, one an assistant manager and the other a personal banker, stole the money between January 2007 and June 2008. After taking wads of cash from the machines, the pair would sneak off to the toilets and split the proceeds. The amounts stolen each time ranged from Â£500 to Â£10,000.