A man has appeared in court charged with 15 ATM frauds in which the cash a customer seeks to withdraw does not come out of the machine but is later stolen using an implement.
The machine is effectively tricked into thinking the cash was not taken.
Ovidiu Raducanu (35), of Pinebrook Glen, Huntstown, Co Dublin, appeared at Dublin District Court where he was charged with 15 counts of theft from AIB ATMs in Crumlin, Killiney, Clonskeagh, Firhouse, Rathfarnham, Omni Shopping Centre Santry, Artane, Littlepace in Clonee and Carpenterstown between January 6 and 10.
The value of the withdrawals was €8,520.
Judge Ann Ryan was told by Det Gda Garvan Lennon that Mr Raducanu made no reply when charged at Lucan Garda Station.
Mr Raducanu was arrested in the Dublin 15 area by officers from the Garda National Economic Crime Bureau (GNECB) as part of an investigation into so-called ATM transaction reversal frauds.
He was detained in Lucan Garda Station for questioning.
Judge Ryan granted bail on condition Mr Raducanu signed on at Blanchardstown Garda Station three days a week; obeyed a curfew between 10pm and 7am; surrendered his ID used for travel purposes; resided at his address in Pinebrook Glen; provided a phone number to gardai on which he could be contacted 24 hours a day; and stayed away from all ATMs.
He was granted legal aid and will appear again before the court on March 18.
The investigation into transaction reversal frauds was reported by a financial institution in Dublin 18 area on January 13.
It was reported that 18 ATM machines had been targeted, resulting in the theft of money from customers' accounts and damage to the ATMs.
Transaction reversal fraud happens when the amount of money sought by an ATM user is not dispensed.
Thieves then use an implement to retrieve the cash, thus damaging and shutting down the ATM machine.