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ATM and Bank Cyber Robber Wants a Security Career: Is that a Good Thing?

January 11, 2010

It is a pattern in which most law enforcement and many security executives see as dangerous. A man described by Canadian police as one of the most sophisticated criminal masterminds they've ever seen is grooming himself for a new career as a security consultant.

Freshly released from prison and now living at a Vancouver halfway house, Gerald Blanchard was the linchpin behind an international fraud and theft ring that stole millions from banks and financial institutions.

Facing more than 40 charges when police caught up with him in 2007, Blanchard pleaded guilty to 16 of those charges in a Winnipeg court. He was sentenced to eight years in prison in the case that involved global heists and unconfirmed links to Kurdish rebels. Blanchard admitted several capers were carried out on behalf of a mysterious figure known as "The Boss." The Canadian lived a jet-set lifestyle under several assumed identities, using elaborate disguises and high-tech surveillance equipment to empty cash machines from banks around the world.

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