Romanian gangs behind nine in ten cashpoint robberies rake in 30m a year

Full story: Daily Mail

The fraudsters come to Britain specifically to target cash machines, and use a range of sophisticated equipment to acquire the bank details of unsuspecting victims.
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1 - 4 of 4 Comments Last updated Mar 27, 2012
hhh

United States

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#1
Mar 25, 2012
 

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-More than 90 per cent of cash machine fraud in UK attributed to Romanian criminal gangs

-Most of those arrested have links to the same city: Bacau in eastern Romania

-Proceeds of crime 'now makes up 70 per cent of Bacau's economy'

More than nine in ten cashpoint crimes are committed by Romanian gangs.

The fraudsters come to Britain specifically to target cash machines, and use a range of sophisticated equipment to acquire the bank details of unsuspecting victims.

£30million is stolen through the crimes each year. In the first three months of last year, detectives identified 120 Romanians linked to cashpoint crime, with the majority from or connected to the Bacau region.

The most common cash machine crime is skimming, in which a device fitted to an ATM copies a customer’s bank details and a small overhead camera records their PIN. Criminals then place the victim’s details on to another card, which they use to withdraw money.

Fitting the equipment on to a cashpoint takes less than a minute. On average,£500 is taken from each cloned card.

‘The criminals constantly try to evolve their technology to beat the technology the banks put in place,’ said Mr Barnard.

‘It’s a constant battle to try to work out where the criminal is going next.’

Improved security has seen cash machine fraud fall by 12 per cent, from £33.2million in 2010 to £29.3million last year.

However, officers warn there are an estimated 1,000 Romanian cashpoint gangs still operating in Britain, and fear there may be a surge in activity during the London Olympics.

Detective Chief Superintendent Steve Head, of City of London Police, said:‘We can see quite clearly what they are doing with the money back in Romania. They are spending it on a lavish lifestyle, flash cars, flash houses.

‘What sits behind it all is the greed – the greed of the people who are organising it, the greed of the professionals along the way who are enabling it and the greed of those people who are actually creating the technology to enable systems to be overcome. Sheer criminal greed.’

In 2008, Romanian fraudster Adu Bunu, from Bacau, was jailed for five years after he was convicted of cloning more than 2,000 cards, which allowed him to steal up to £1.1million.

Photographs found by fraud police showed that instead of giving his baby son toys to play with, Bunu presented him with a mountain of stolen banknotes.

An episode of ITV1 documentary Fraud Squad, to be broadcast next month, follows officers on a raid in Essex to arrest another Romanian, 22-year-old Maxim Catana, and his fellow gang members Nikolajs Delvers and Daniel Anghell.

Inside the house, detectives discovered what they called ‘a working ATM factory’, including skimming machines, cloned cards,£2,000 and a list of cash machines in the south of England.

They also found more than 4,000 victims’ stolen bank account details.

A spokesman for industry group Financial Fraud Action UK said:‘Although cash card fraud has decreased in the past year, it is still an issue that cardholders need to be aware of. If they think a card machine has been tampered with, they should immediately end the transaction and use an alternative ATM.’

He said users should keep the keypad covered when entering their PIN, and check their bank statement for any suspicious withdrawals.

‘If you spot any transactions you didn’t make, contact your card issuer immediately,’ he added.‘If you are the innocent victim of card fraud you have legal protection and should not suffer any financial loss.’
aaa

Slovakia

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#2
Mar 26, 2012
 
Romanian Mihai Tanasescu becomes European Investment Bank Vice-president

Former Romanian Finance Minister and the country’s representative with the International Monetary Fund (IMF) Mihai Tanasescu was named vice-president of the European Investment Bank (EIB), according to Mediafax newswire. He will be one of the eight EIB vice-presidents and will coordinate the bank’s activity in Greece, Cyprus, Denmark, Ireland, Africa, Caribbean and Pacific countries and South Africa.

The European Investment Bank (EIB) is the European Union’s financing institution. Its shareholders are the 27 Member States of the Union, which jointly subscribe its capital. The EIB’s Board of Governors is composed of the Finance Ministers of these States. EIB signed EUR 4 billion worth of financing contracts for Romania between 2007 and 2011. In 2010, some 88% of the total EIB financing of EUR 72 billion went to projects in the EU. The EIB is the largest international non-sovereign lender and borrower and raises the resources it needs to finance its lending activities by borrowing on the capital markets, mainly through public bond issues.

Mihai Tanasescu, 56, graduated the Economic Studies Academy in Bucharest and has several specializations abroad, at Ecole Nationale d’Administration (ENA) and Harvard Business School. He started working in Romania’s Finance Ministry in the early 90s, and became Romania’s representative at the World Bank in 1997. He was the Minister of Public Finances from 2000 to 2004. Tanasescu has been Romania’s representative at the IMF since 2007 and he is also one of the three Romanians on the Trilateral Commission.

“Powered by chillpills”

Since: Mar 12

Dutch Republic

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#3
Mar 26, 2012
 
This whole story sounds like a Dutch Deja Vu, however the problem seems to decrease here... FOr years it has been a game of cat and mouse for the banks and the skimmers, but also an enormous waste of money. I still avoid the use of ATM's as much as possible and when I travel my creditcard has a good insurance and safety policy. If I'm forced to use an ATM, I'm very aware of the skim equipment and the current techniques. We're talking about equipment of not more than a few millimeters here. Advanced stuff. Too bad some people use their knowledge for criminal things like this and indeed, in this case I can't deny it 's mainly Romanians who do this. Bu trust me, there are many Romanians who don't want to have anything to do with these kinds of people.
Adi

Craiova, Romania

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#4
Mar 27, 2012
 

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Well, the people buy millions of flowers and tulipes in Romania and i consider this a terrible crime;
to buy or to sell dead flowers.

We should learn more about how to steal legally.
Maybe you could help us...?
Eventually , please, show me some poor country filled with poor idiots and rich resources so i can move my army there, make some civilised laws, show them the real gods (my gods, of course)and,finally, take their useless resources.
Of course, i would be gentle and i would give them good jobs in my mines.
Please, teach me! Teach us !!
Later, in some number of years, i could help you too. I could help you with my army, but only if your country have problems.
So, i could move my army there, make new better laws, show you the real god...

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