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Four men charged in Connecticut ATM jackpotting scheme

Created at 30 Jun · 4:35 PM1 source↑ Market-relevant
IN SHORT

Four Venezuelan nationals have been charged with federal offenses for allegedly stealing over $529,000 from ATMs in Connecticut using a "jackpotting" scheme. The group targeted nine machines over 10 days in August, employing specialized hardware and malware.

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Key Numbers

$529,220total stolen from eight ATMs
$136,000amount stolen in one raid
10days of alleged spree
9ATMs targeted
8ATMs from which cash was taken
4men charged
10 yearsmaximum prison term for interstate transportation of stolen property
5 yearsmaximum prison term for conspiracy

Who's Involved

Euclides Moreno Itanare
28-year-old Venezuelan national charged in ATM heists
Willian Ricardo Flores
49-year-old Venezuelan national charged in ATM heists
Alberto Jose Freites Arvilla
41-year-old Venezuelan national charged in ATM heists
Luis Jose Freites Arvilla
38-year-old Venezuelan national charged in ATM heists, acted as lookout
US attorney’s office
Federal prosecutors who charged the four men
FBI
Agency involved in the joint investigation
Connecticut state police
Agency involved in the joint investigation
Raleigh, North Carolina, Police Department
Agency involved in the joint investigation
New York Police Department
Agency involved in the joint investigation

↳ Why This Matters

The case highlights the evolving methods of financial crime, with sophisticated cyber techniques being used to steal significant amounts of money, posing a challenge for law enforcement and financial institutions.

Key facts

  • Four men are accused of stealing over $529,000 from ATMs in Connecticut.
  • The alleged thefts occurred between August 8 and 18, 2025.
  • The scheme, known as "jackpotting," used specialized hardware and malware.
  • The men are Venezuelan citizens residing in New York, North Carolina, and Massachusetts.
  • They face charges including interstate transportation of stolen property and conspiracy.

Four men have been charged with federal offenses for allegedly orchestrating an elaborate ATM "jackpotting" scheme that netted over $529,000 across Connecticut. The group targeted at least nine cash machines along Interstate 95 during a 10-day period in August, according to the U.S. attorney’s office.

Prosecutors allege the men used specialized hardware and malware to corrupt the ATMs, forcing them to dispense large amounts of cash. In one instance at a rest stop in Fairfield, the group allegedly obtained $136,000. Court documents indicate that a total of $529,220 was stolen from eight machines between August 8 and 18, 2025. A software patch installed at an ATM in Ansonia on the first day of the spree reportedly thwarted their efforts.

The four defendants—Euclides Moreno Itanare, 28; Willian Ricardo Flores, 49; Alberto Jose Freites Arvilla, 41; and Luis Jose Freites Arvilla, 38—are all citizens of Venezuela. Two reside in New York, one in North Carolina, and the fourth in Massachusetts.

According to the press release, the modus operandi involved Luis Freites Arvilla acting as a lookout while Alberto Jose Freites Arvilla accessed the ATM's internal components. Itanare and Flores then took turns withdrawing cash over several hours. The group also reportedly changed clothes to avoid detection when approaching the same ATM multiple times.

The arrests followed a joint investigation by the FBI, Connecticut state police, and police departments in Raleigh, North Carolina, and New York. The men are currently in custody awaiting court proceedings. They face charges of interstate transportation of stolen property, which carries a maximum of 10 years in prison, and conspiracy, with a potential of up to five years imprisonment if convicted.

Photographs released by the U.S. attorney’s office purportedly show the men working on ATMs and displaying large sums of cash. In 2018, The Guardian reported warnings from major ATM manufacturers and the U.S. Secret Service about cybercriminals targeting ATMs with malicious software to extract cash.

Frequently asked questions

ATM jackpotting is a type of cyberattack where criminals use malware and specialized hardware to trick an ATM into dispensing all of its available cash, often in large quantities.

The alleged total haul from eight ATMs was $529,220, with one raid alone yielding $136,000.

The four men charged are Venezuelan citizens. Two reside in New York, one in North Carolina, and one in Massachusetts.

They face charges of interstate transportation of stolen property and conspiracy.

What Happens Next

01The four men await court proceedings.
02Potential conviction could lead to prison sentences of up to 10 years for interstate transportation of stolen property and up to five years for conspiracy.

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Cadence

How It Developed

Four men allegedly stole over $529,000 from ATMs in Connecticut.
The scheme involved "jackpotting" ATMs at rest stops along Interstate 95.
The thefts occurred over a 10-day period in August, targeting at least nine machines.
Prosecutors allege the use of specialized hardware and malware to force ATMs to dispense cash.
One raid in Fairfield yielded $136,000.
A software patch prevented a theft in Ansonia.
The four men are from New York, North Carolina, and Massachusetts.
All four are Venezuelan citizens.

Sources

T1
Four men allegedly stole over $529,000 in elaborate ATM heists in ConnecticutThe Guardian

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