Fake Money ATM Machines and Real Consequences

Fake money ATM machines are a serious threat to our financial security. They can steal your money, compromise your personal data, and even lead to identity theft. These machines can be incredibly convincing, making it difficult to spot them as fake.

In some cases, fake money ATM machines can be equipped with skimming devices that capture your card information and PIN. This information can then be used to withdraw cash from your account or make unauthorized purchases.

The consequences of using a fake money ATM machine can be severe, including financial losses, damage to your credit score, and even emotional distress. It's essential to be vigilant and take steps to protect yourself.

If you suspect that an ATM machine is fake, don't use it. Instead, look for signs of tampering, such as loose screws or wires, and report the machine to the bank or authorities.

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Fake money ATM incidents have been reported, with 14 customers of Independence Bank of Kentucky receiving fake $100 bills from an ATM at the bank's Providence branch.

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The fake bills, which read "for motion picture purposes" and "in props we trust" on the back, were likely caused by the ATM vendor that manages and maintains the machines.

Consumers who receive fake bills have 60 days to provide written notice to the bank, after which the bank has 10 days to investigate and respond.

The bank has taken action to correct the issue, closing the ATM and contacting the vendor, and has begun directly contacting the 14 affected customers to ensure they receive proper bills.

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In Kentucky, a bank's ATM dispensed fake $100 bills to 14 customers. The fake bills were so convincing that they even read "for motion picture purposes" and "in props we trust" on the back.

The Independence Bank of Kentucky's Providence branch was the affected location. The bank's statement to WFIE TV station implied that the error might have been caused by the ATM vendor.

The bank had $3.7 billion in assets as of June. The fake bills were only $100 bills, not other denominations.

The bank took immediate action by closing the ATM and contacting the vendor over Labor Day weekend. They also began contacting the 14 affected customers to ensure they received proper bills.

Regulation E governs electronic fund transfers and outlines procedures for errors like this. Consumers have 60 days to provide written notice of the error to the bank.

The bank has 10 days to investigate and respond to the customer. If the bank provisionally credits the consumer's account, the period is extended to 45 days.

In some cases, banks have reported customers making suspicious claims about fake bills. One such case involved a customer who claimed to have received fake bills but had thrown them away.

A common reason for fake bills being dispensed is when an ATM vendor leaves test money in the machine.

Jason Vogan used empty envelopes with his real name and a fake account number to make fake deposits into an ATM at First Commonwealth Bank in Butler, Pennsylvania. He was able to withdraw over $2,400 before getting caught.

The deposits were made on six occasions in June and July 2018, with each deposit totaling $10,000. The ATM at First Commonwealth Bank was used for the fake deposits.

Vogan was seen on bank surveillance video making the deposits, and investigators say he was able to steal more than $2,400 before getting caught. He was arrested and taken to the Butler County Prison.

The bank manager mentioned that most ATMs now have smart technology, which eliminates fraud. This technology scans actual checks and doesn't allow immediate access to funds.

Vogan was released from the Butler County Prison on Thursday afternoon after being arrested.