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Person pressing in their PIN into an ATM Source: Shutterstock.

Ioan Flore, who targeted ATMs that were not chip enabled, making it easier to siphon more than $500,000 from nearly 3,000 compromised credit union and bank accounts in Michigan, Iowa and Nebraska, was sentenced to more than four years in federal prison.

U.S. District Court Judge Hala Y. Jarbou in Lansing, Mich., also ordered Flore last month to pay restitution of $587,529 and forfeit $16,230 in cash that was seized from his vehicle after he was arrested during a traffic stop in Indiana last spring. In November 2020, he pleaded guilty to one felony count of conspiracy to commit financial institution fraud and one felony count of aggravated identity theft.

Peter Strozniak

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