UAH 13 million scheme: police detain group that robbed banks through POS terminals
For several years, a criminal group robbed two banks through POS terminals. The amount of losses reached 13 million UAH.
For several years, a criminal group robbed two banks through POS terminals. The amount of losses reached 13 million UAH.
Four individuals participated in the fraudulent scheme, which lasted from 2023 to 2024, according to cyber police.
Fraudsters registered sole proprietorships under false names and obtained acquiring POS terminals from banks, which they installed in previously prepared premises.
Then the fraudsters simulated the purchase of non-existent goods through the terminals, and immediately after that they issued a “refund” of the money. Due to the technical features of the banking systems, the money was returned not from the seller’s account, but at the expense of the bank itself. Thus, the attackers simply “pulled” cash from the banking system. To cover their tracks, the money received was transferred to cryptocurrency, and only then exchanged for real cash through crypto exchanges.
All the perpetrators were detained and face up to 12 years in prison and confiscation of property. More than 30 searches were conducted in the homes and vehicles of the suspects. The police seized about 30 mobile phones, 15 laptops, several dozen bank cards, as well as foreign currency in the amount of about $30,000.
The pre-trial investigation is ongoing. The issue of choosing preventive measures for the suspect is being resolved.
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