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Man Pleads Guilty to ATM "Skimming"


May 27, 2011

Another New York resident has admitted that he accessed personal information from ATMs in the northern New Jersey area and stole approximately $300,000, The Wall Street Journal reports. Arrested last fall, the suspect has been accused of using an electronic device that "skims" personal identification numbers and account information. The man has pleaded guilty in federal court and will face sentencing this September. Each count of aggravated identity theft includes a mandatory consecutive two-year prison term, and, according to the article, the bank fraud conspiracy charges have a potential penalty of 30 years in prison. (Registration may be required to access this story.)
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