A former Bank of America (BOA) computer programmer was sentenced to 27 months in federal prison, after he installed malware on Bank of America ATMs that allowed him to suck out large amounts of cash from the machines. He pleaded guilty on April 13, 2011 and was sentenced this week.
Caverly was ordered by a judge to pay restitution in the amount of $419,310.90. The restitution amount includes $284,750 Caverly stole from ATMs and $134,750.90 in costs incurred by BOA to remove from the bank’s malware-infected ATMs. U.S. Secret Service agents also recovered $167,010 of stolen cash.
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The investigation was handled by the U.S. Secret Service, Charlotte Field Office, and was prosecuted by Assistant U.S. Attorney Thomas O’Malley of the U.S. Attorney’s Office in Charlotte.
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