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ATM fraudster Daniel Balan: 30 years of jail after $ 56,340!
A Romanian, Daniel Balan, confessed to bank fraud through ATM skimming in Florida. He faces up to 30 years in prison. Verdict on December 3rd.
ATM fraudster Daniel Balan: 30 years of jail after $ 56,340!
A 46-year-old man from Bacău, Romania, faces several decades in prison after pleading guilty to operating a large-scale ATM skimming scheme in Tallahassee, Florida. Daily Hodl reports that Daniel Balan stole a total of $ 56,340 of unsuspecting bank customers in his illegal activities.
Balan installed skimming devices and cameras at various ATMs to steal his victims' sensitive banking information. When police arrested him, investigators found 28 gift cards that contained encoded, stolen account information.
The charges against Balan
Due to his criminal machinations, Balan has known five charges for bank fraud and five charges for serious identity theft. He was also charged with the possession of 15 or more access devices. It could receive up to 30 years in prison for each bank fraud position and five years of monitored release.
For the charge of possession of access devices, he faces 10 years in prison and also five years of supervised release. Additionally, he could serve two years in prison and one year of supervised release for each count of aggravated identity theft. The sentencing is scheduled for December 3, 2025.
The investigation and verdict shed light on the increasing cases of ATM skimming and highlight the seriousness of cybercrime. Experts emphasize the need to strengthen security measures to protect bank customers from such scams.