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CU System
Two indicted for skimming four CUs affected
FAYETTEVILLE, N.C. (4/25/11)--Two Russian immigrants were indicted Tuesday on charges of using skimming devices at three ATMs in Fayetteville, N.C., to steal data from debit and credit cards used at the machines. More than 60 people were affected. Four credit unions are among the seven financial institutions that lost funds. Sergei Fowler Marchant, 23, and Nikolay Andreyevich Volosov, 25, were indicted in a federal court in Fayetteville on charges of conspiracy to commit bank fraud and aggravated identity theft (Fayette Observer via fayobserver.com April 22). Skimmers are electronic devices that record information stored on the magnetic stripe of a credit or debit card. The two men also are accused of installing camera to capture personal identification numbers. They allegedly used the stolen data to create counterfeit credit and debit cards, which were then used to make withdrawals from financial institutions in the area. The crimes occurred between May 1, 2009, and July 31, 2009. Among the credit unions affected: Fort Bragg, FCU, Pentagon FCU, State Employees' CU, and FAA CU. Also targeted were Bank of America, JP Morgan Chase and Wachovia banks. Marchant and Volosov are each charged with six counts of card theft with a scanning device, financial card forgery and identity theft, as well as three counts each of financial card fraud and two counts of misdemeanor financial card fraud, said the newspaper.


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