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Articles tagged with: romania

Four Men Caught In $1.5 Million Skimming Operation

According to PCWorld, three Romanian men and one Austrian man were indicted on Monday by U.S. federal prosecutors. The four men stole over 1.5 Million U.S. dollars by cloning payment cards with stolen account information. The men are charged with skimming (recording account details from the magnetic stripe of payment cards while capturing a person’s PIN by using fake overlays on the number pads.

Accounts were targeted at Citibank, and JP Morgan Chase between March 2010 and May 2011. The affected cities included New York, Miami, and Chicago. The four stole about $110,000 per month over those fourteen months, perhaps splitting it four ways at about $27,000 each, per month ($324,000 individual ‘salary’).

Living The Future: Lasers Replace Spark Plugs

A team at the Conference on Lasers and Electro-Optics will announce on May 1st, 2011 that they have designed lasers that can ignite fuel/air mixture in combustion engines. With this approach, the engine’s efficiency will increase dramatically, thereby reducing pollution by igniting more of the mixture. The team is currently in talks with the spark plug manufacturer. Spark plugs currently work by igniting the fuel mixture near the spark gap which reduces the combustion efficiency. The spark plug’s metal is also prone to erode through time.