They were arrested soon after, otherwise 90 people would have lost their savings

Feb 7, 2012 20:51 GMT  ·  By

Classic bank fraud schemes are far from being history, but they're constantly improving. This is proved by two men who were arrested by police officers on suspicion of installing a skimming device at a Chase Bank in Thousand Oaks, California.

KTLA reports that the suspects, 31-year-old Aram Dzhanszyan and Ter Mkrtchyan, aged 37, were arrested near the financial institution after they’ve managed to install the skimmer.

While this may not seem that uncommon, there’s a twist to this story. The two installed the skimmer on the card reader found on the door of the ATM vestibule, swiping the credit card data from all the individuals who entered by using their credit cards to gain access.

As in most cases, the actual skimmer only captures credit card details, but without the PINs, so the suspects also installed pinhole cameras to record the PINs entered by customers.

Law enforcement representatives said that 90 people had already passed their credit cards through the skimming device and all of them may have ended up on the victims list if the crooks hadn’t been captured.