Although the e-mailed alert is an instance of rampant netlore (no author, the details keep shifting, and attempts to run it to ground by finding an actual victim of the scheme usually come to naught), it does reflect a real scam being perpetrated on ATM users: for example, five people were in indicted in New Jersey in March 2001 for operating a crime ring to steal ATM cards and PINs by "plac[ing] a thin, plastic strip into numerous ATM's operated by First Union National Bank throughout New Jersey," and reports of arrests of "Lebanese loop" users turn up in other parts of the world, such as Ireland:
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