Login or register (free and only takes a few minutes) to participate in this question.You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Type of fraud (banking) | | Spanish term or phrase: cepo | Does anyone know what kind of fraud "cepo" is?
"Fraude: Debido a clonación de tarjeta, cepo, etc."
Thanks! |
|  sarahcaKudoZ activityQuestions: 436 ( 8 open) ( 48 closed without grading) Answers: 315
| Local time: 21:15
|
| | cash or card trapping / (Lebanese) loop | Explanation:
It's apparently a device that the thieves insert into the cash machine and that traps the money, or sometimes the card. When the victim leaves, the thieves retrieve their loop with the booty.
"Detenidos dos rumanos por sustraer dinero de cajeros con un lazo libanés
La técnica, conocida también como «cepo capturador», impedía la salida de dinero"
http://www.diariodeleon.es/noticias/leon/detenidos-dos-ruman...
"La Guardia Civil alerta de un incremento de robos en cajeros por el método del "cepo"
La Guardia Civil avisa: atención si usted mete su tarjeta en un cajero automático y no sale el dinero porque, no siempre es un error de la máquina, sino que puede estar siendo víctima de un timo. Se llama "el cepo". Parece que el cajero está estropeado pero en realidad los ladrones esperan cerca."
http://www.telemadrid.es/?q=noticias/madrid/noticia/la-guard...
"A ver si va a ser que te habian puesto un cepo de esos en el cajero, que deja atrapada la tarjeta y luego los "chorizos" vuelven para cogerla y con ella han hecho las compras... "
http://www.juegosyregalos.com/foros/t112978-tener-muchisimo-...
"2.2 Card trapping
Trap or jam the card by placed wire, tapes or other mechanism in the card entry slot.
[...] The thieves have used techniques such as the “Lebanese loop”, a plastic strip they insert into the cash machine to capture bank cards.
2.3 Cash trapping"
http://www.grgbanking.com/en/exh/images/Best Practice for AT...
"For a low-tech form of fraud, the easiest is to simply steal a customer's card. A later variant of this approach is to trap the card inside of the ATM's card reader with a device often referred to as a Lebanese loop. When the customer gets frustrated by not getting the card back and walks away from the machine, the criminal is able to remove the card and withdraw cash from the customer's account."
http://www.enotes.com/topic/Automated_teller_machine
--------------------------------------------------
Note added at 48 mins (2011-11-15 23:38:44 GMT)
--------------------------------------------------
Hi Sarah,
That's right: it looks as though there's more than one type of physical device used. There's a photo of an actual "Lebanese loop" in my first link, about the Rumanians in León, but the Telemadrid one (which is my second link) involves using tape. The English-language sources mention the loop for trapping cards, but for trapping the cash they seem to other methods, such as false withdrawal slots (though the loop has probably been used for this too, as in Spain). So I think a general term like "card and/or cash trapping would probably be the best option: a "cepo" seems to be just a physical device used for that purpose.
--------------------------------------------------
Note added at 58 mins (2011-11-15 23:48:53 GMT)
--------------------------------------------------
I found a reference to toothpicks being used in Thailand, by the way! |
| Selected response from:
Charles Davis
Local time: 04:15
| Grading comment Thanks very much again!
4 KudoZ points were awarded for this answer |
| |
| Discussion entries: 0 |
|---|
Automatic update in 00:
|
28 mins confidence:   peer agreement (net): +1 cash or card trapping / (Lebanese) loop
Explanation:
It's apparently a device that the thieves insert into the cash machine and that traps the money, or sometimes the card. When the victim leaves, the thieves retrieve their loop with the booty.
"Detenidos dos rumanos por sustraer dinero de cajeros con un lazo libanés
La técnica, conocida también como «cepo capturador», impedía la salida de dinero"
http://www.diariodeleon.es/noticias/leon/detenidos-dos-ruman...
"La Guardia Civil alerta de un incremento de robos en cajeros por el método del "cepo"
La Guardia Civil avisa: atención si usted mete su tarjeta en un cajero automático y no sale el dinero porque, no siempre es un error de la máquina, sino que puede estar siendo víctima de un timo. Se llama "el cepo". Parece que el cajero está estropeado pero en realidad los ladrones esperan cerca."
http://www.telemadrid.es/?q=noticias/madrid/noticia/la-guard...
"A ver si va a ser que te habian puesto un cepo de esos en el cajero, que deja atrapada la tarjeta y luego los "chorizos" vuelven para cogerla y con ella han hecho las compras... "
http://www.juegosyregalos.com/foros/t112978-tener-muchisimo-...
"2.2 Card trapping
Trap or jam the card by placed wire, tapes or other mechanism in the card entry slot.
[...] The thieves have used techniques such as the “Lebanese loop”, a plastic strip they insert into the cash machine to capture bank cards.
2.3 Cash trapping"
http://www.grgbanking.com/en/exh/images/Best Practice for AT...
"For a low-tech form of fraud, the easiest is to simply steal a customer's card. A later variant of this approach is to trap the card inside of the ATM's card reader with a device often referred to as a Lebanese loop. When the customer gets frustrated by not getting the card back and walks away from the machine, the criminal is able to remove the card and withdraw cash from the customer's account."
http://www.enotes.com/topic/Automated_teller_machine
--------------------------------------------------
Note added at 48 mins (2011-11-15 23:38:44 GMT)
--------------------------------------------------
Hi Sarah,
That's right: it looks as though there's more than one type of physical device used. There's a photo of an actual "Lebanese loop" in my first link, about the Rumanians in León, but the Telemadrid one (which is my second link) involves using tape. The English-language sources mention the loop for trapping cards, but for trapping the cash they seem to other methods, such as false withdrawal slots (though the loop has probably been used for this too, as in Spain). So I think a general term like "card and/or cash trapping would probably be the best option: a "cepo" seems to be just a physical device used for that purpose.
--------------------------------------------------
Note added at 58 mins (2011-11-15 23:48:53 GMT)
--------------------------------------------------
I found a reference to toothpicks being used in Thailand, by the way!
| Charles Davis
Local time: 04:15
Native speaker of:  English
PRO pts in category: 59
|
| | | Notes to answerer
Asker: Hi Charles, thanks. Lebanese loop is what I came up with too. It doesn't actually correspond with the kind of cashpoint scam in Cosmina's link, which refers to placing tape over the place where the cash is dispensed rather than where the card is inserted, but I think this must be what they are referring to in my text as it seems to be far more common.
Asker: Yes, I think you're right. Thanks very much for your help :)
Asker: I like it :D
|
|
| | Login to enter a peer comment (or grade) |
|
| | | | X Sign in to your ProZ.com account... | | | | |
| KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases. See also: Search millions of term translations  |
The translation workplace 
