Bulgarian Sentenced to Jail Time in US for ATM Skimming

Crime | July 14, 2011, Thursday // 08:37
Bulgarian Sentenced to Jail Time in US for ATM Skimming: Bulgarian Sentenced to Jail Time in US for ATM Skimming A young Bulgarian had stolen USD 1.8 M in the NYC area by using skimming devices. File photo

A New York Court sentenced Bulgarian national Radostin Paralingov to 21 months behind bars on charges he had stolen over USD 1.8 M trough ATM skimming.

The news was reported Thursday by the Russian ITAR-TASS, cited by the Bulgarian news agency BTA.

The Prosecutor's Office pointed out the damage could be even larger since it was impossible to establish the exact amount of the stolen money.

Paralingov pleaded guilty of being part of a conspiracy to commit bank fraud.

Radostin Paralingov was arrested in September, 2010.

From at least December 2007 through June 2009, Paralingov participated in a scheme to install skimming devices on ATMs in the New York City area, and then used the stolen account information to fraudulently withdraw over USD1.8 M from the accounts of nearly 1 400 vicitms. He primarily installed skimming devices on ATMs at branches of Citibank, N.A., and JPMorgan Chase Bank, N.A.

Paralingov, 19, of Plovdiv, Bulgaria, was arrested at McFarren International Airport in Las Vegas, Nevada, after arriving on a flight from London. He was charged in an Indictment with one count of conspiracy to commit bank fraud, one count of bank fraud, one count of conspiracy to commit access device fraud, and aggravated identity theft.

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Tags: Bulgarian, New York, skimming devices, ATM, bank accounts
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