Rash of ATM thefts erupt on PEI

Machines may be covered by insurance but cash stolen unlikely to be

Rash of ATM thefts erupt on PEI

Insurance News

By Lyle Adriano

Business establishments on Prince Edward Island are at the mercy of a group of thieves that is targeting their ATMs.

On January 9, an ATM was stolen from a Shell gas station in Bloomfield, P.E.I. According to CBC News, this is the fourth incident in the last two months involving such a theft.

Learn more about theft insurance here.

Another ATM was stolen from the Mount Stewart Irving on January 03 and one was taken from a convenience store in O’Leary in November, authorities said. In December, police investigating a break-in at a gas station in Wellington found that thieves had attempted to take the ATM, but failed to remove the machine from the premises.

A-OK Fast Cash ATM Rental Sales & Services, the owner and operator of three of the stolen ATMs, announced yesterday that it is offering a cash reward of $500 for information that leads to the arrest of the suspected thieves. The company operates over 60 machines across the Maritimes.

“Hopefully if they get caught, they get a few years in jail,” A-OK owner Michael Gaudet told CBC News. “I’m hoping the reward helps.”

Gaudet suspects that the thefts are all connected.

“The first one I thought it was an isolated thing, then the next two, they were within a week,” he said. “It was disheartening to see that happening around here.”

He did not reveal how much money he lost, but he did project that it would take more than a year to recoup the losses.

“They’ve had a big impact on me, the loss of the ATMs, loss of income,” Gaudet explained. “The stolen money was a big loss because the money’s not insured.”

According to Gaudet, the machines cost about $5,500 each, which may be covered by the store’s insurance.

 
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Calgary police report a spike in auto thefts in 2016
Cape Breton flood victims warned over scavengers of damaged goods
 

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