From Iceland — Year In Prison For ATM Scam

Year In Prison For ATM Scam

Published April 2, 2012

Two brothers were sentenced to a year in prison for an elaborate ATM scam that hit Reykjavík in late February.
RÚV reports that the two brothers executed the scam at ATMs on Laugavegur and Austurstræti. They had managed to set up card readers, copying equipment, and small cameras aimed at the keypads of the machines at two banks. They had tried to expand their operations to other banks, but without success.
When the scam was brought to light, debit and credit card companies Valitor and Borgun were compelled to shut down service on many cards, and ask customers to pick up new ones.
In court, one brother took full responsibility for the scam, saying the other had nothing to do with the crime. The court considered this unlikely, as the other brother had tried to cover for the first. Having been in custody since their arrest – as they both have legal addresses in Britain – their time in custody will be counted towards their sentence.

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