Cash Trade Fraud

What is Cash Trade?

A Cash trade is a device that poses as a malfunctioning ATM, stopping the money that is usually output, making it appear as if the machine is not working or is empty. Many people then leave, allowing the criminals to remove the retained money from the device.

Increased Reports of Cash Trade Fraud

The police have recorded a significant increase in reports of this fraud, particularly in major cities. The methods used by criminals are becoming increasingly sophisticated and difficult to recognize, making it challenging for authorities to intervene promptly. Sometimes, suspects are caught in the act, but often reports are made too late to take immediate action.

Combination with Other Fraudulent Methods

In some cases, Cash trade devices are combined with other fraudulent methods, such as overflow devices, to record pass details. This combination of methods allows criminals to commit more extensive and complex fraud, making it even harder for the police to track and apprehend them. As a result, the police are facing significant challenges in combating this type of fraud, and the number of reported cases continues to rise.