Eight years after the Martha’s Vineyard Savings Bank was hit with a string of thefts from ATM machines, a Bulgarian man has been sentenced to 30 months in prison on federal conspiracy and theft charges.
In court proceedings Wednesday in Boston, U.S. District Court Judge Leo T. Sorokin imposed the prison term followed by one year of supervised probation on Georgi Kanev, 33. Mr. Kanev had pleaded guilty in March to conspiracy to commit access device fraud and aggravated identity theft.
Prosecutors alleged that Mr. Kanev and an unnamed co-conspirator installed skimmers and cameras on two Martha’s Vineyard Savings Bank ATMs in July and August 2013. Using magnetic strip information and PIN numbers from ATM customers, the two created ATM cards which were then used to withdraw money, court records allege.
According to court documents, Mr. Kanev left the country following the thefts, in which more than $150,000 was stolen. At the time of the thefts, then-president of the bank, Paul Falvey, said about 90 customers were affected
Mr. Kanev waived his right to appear for sentencing. The judge said he would consider motions for restitution later this summer.
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