Blog | G5 Cyber Security

Man Pleads Guilty in $4.8m ATM Fraud

A Connecticut man pleaded guilty to automatic teller machine (ATM) fraud on Tuesday following a scheme that conned $4.8 million from a Rhode Island bank over the last few years. John DeMilo of Branford, Conn. faces jail time for helping defraud Cranston-based Domestic Bank. The scheme, which swindled the bank from 2007 to early 2010, could lead to maximum sentences of 30 years in prison. Former CEO Joseph Sarlo pled guilty to charges of conspiracy to commit bank fraud in October.

Source: https://threatpost.com/man-pleads-guilty-48m-atm-fraud-111010/74662/

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