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Four men arrested in NY card reader scam

Interesting to read about four blokes from California who were arrested earlier this week in Rhode Island, New York, in connection with a scheme to switch credit card readers at local Stop & Shop supermarkets.

Although details are of the scam are still a bit sketchy, the case appears similar to the Chip and PIN tampering scheme that hit some petrol stations in the UK last year.

According to the AP newswire, the men removed or tried to remove PIN pads from at least six stores in Rhode Island and Massachusetts, and replaced them with alternate machines that would be used for several days to record shoppers' credit card details, including their PINs.

The men allegedly planned to eventually come back and replace the original keypads.

Arutyun Shatarevyan, aged 20, Mikael Stepanian, aged 28, Gevork Baltadjian, aged 20, and Arman Ter-Esayan, aged 22, have been arrested and charged with conspiracy, computer theft and fraud.

As a result of the scam, the Stop & Shop chain - which has several hundred outlets across the North-Eastern US - has started bolting down its PINpads.

Pretty handy if you're disabled or in a wheelchair eh?...