Catchword: Lebanese loop

Filed under: English, Crime & Prisons, Money & Finance

Part of speech: n.

Quotation: Another common technique is known as the Lebanese Loop (named after a Lebanese crime syndicate that invented it). The fraudsters install a plastic slot with a loop of tape inside it on bank machines. When a customer puts in his cards, the tape catches it. Then a gang member comes to the aid of the customer as he tries to retrieve his card, and suggests that he punch in his PIN to get the card back. When the customer leaves, the gang member retrieves the card and uses it.

Article or Document Title:
“The Sting”

Author:
Peter Cheney

Article, document, publication, web site:
Globe and Mail

Publishing location:
Toronto, Can.

Date of publication:
Sept. 10, 2005

Page number:
M1

This cite belongs to a full entry for Lebanese loop.