Man arrested after allegedly stealing billions in ATM exit shutter fraud

The Jakarta Metro Police arrested a 43-year-old man, identified by his initials NKM, who is suspected of stealing billions of rupiah from numerous ATM machines throughout the capital.

The police named NKM’s method “exit shutter fraud”, which the suspect learned from watching videos online for the past few months. The method requires the suspect to hold down the ATM’s cash dispenser to temporarily prevent money from coming out, before taking the cash after the ATM ejects the card. With this method, the suspect’s bank account wouldn’t be debited.

(Do not ever try this, obviously.)

The police say that NKM defrauded dozens of billions of rupiah from ATMs with the help of an unspecified number of accomplices.

“Not just from one bank, but many banks. From one bank, he even managed to steal Rp 1.6 billion,” said Commissioner Teuku Arsya Khadafi, head of a Public Crimes Investifation Unit at the Jakarta Metro Police, as quoted by Kompas yesterday.

NKM’s ATM fraud spree ended after he was caught by a CCTV camera at an Alfamart in Cengkareng, West Jakarta. He was arrested on December 8.

The police also say NKM bought a Mitsubishi Pajero and a Samsung S7 smartphone with the stolen money.

NKM may be jailed for up to 7 years for theft in accordance with the Criminal Code.

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