Friday, January 23, 2009

Man Held Over ATM Cash Trick

The Star - Friday January 23, 2009

JOHOR BARU: A man with a history of drug offences thought he had discovered a simple and fool-proof way to double his money quickly.

His method involved cutting a RM50 note near its reflective strip and joining the two cut pieces to pieces of white paper, thus creating two tampered RM50 notes.

He then deposited the tampered notes into an account via a cash machine and later withdrew two genuine RM50 notes from an ATM machine.

His plan worked and to escape detection, the man travelled from Kuala Lumpur to Johor to deposit the tampered notes in banks in Permas Jaya.

Then he got greedy and deposited too many of the tampered notes, causing the cash machines to jam. Sources said bank employees later found dozens of the tampered notes when they checked the cash machines.

Johor police with the assistance of their Selangor counterparts arrested the 40-something man in Petaling Jaya several days ago.

Police are trying to ascertain whether he was involved in other counterfeit cases elsewhere.

The banks are also doing their own internal audit to ascertain why the cash machines were not able to detect the tampered notes.

Editor's Note: Maybe someone who has the pic of the tampered note can share with us here.

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