Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Young thieves siphon 62000 from CUs ATM
ARLINGTON, Wash. (2/23/09)--Police are investigating a series of thefts at a Washington state credit union's ATM where thieves tricked the machine's software program into doubling the funds they withdrew, while giving credit to only half the amount. The machine, at Boeing Employees CU (BECU) in Smokey Point, Wash., dispensed nearly $62,000 over several months (The Seattle Times Feb. 13). Police used surveillance cameras at the ATM and records of the withdrawals to break the case. One 17-year old girl, who was caught on camera taking $16,000 out of the ATM, confessed and led police to other suspects, including her 18-year-old boyfriend who withdrew about $10,000. The thieves tricked the software program so that the machine did not recognize it had dispensed money and instead repeated the withdrawals. A $100 withdrawal would net the thieves $200. They used a combination of personal accounts and prepaid debit cards to access the funds. The credit union said the machine has been fixed.


RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
10 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
11 hours ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
13 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
16 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
16 hours ago