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In New Zealand, the men were charged with participating in an organized crime group. Similar legislation exists in Canada and carries much heavier sentences than those handed out so far for those convicted in the "tsunami fraud" ring. The maximum sentence for them has been two years less a day.

"I've been doing this for many years now and as technology's improved, the pace and volume of this crime is just going up exponentially every year. It's extremely easy, it's extremely fast, extremely lucrative," Stabler said.

"The chance of really getting caught is low and the penalties are improving but they vary considerably. So — just from a street level point of view — if you steal $300,000 and you get 18 months or two years less a day in jail plus you're out on parole in one third of that — was it worth it? As a criminal you're probably going to say yes."

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Ccwerecommend X White P Credit Card We Recommend Card Lv 1 Credit Card We Recommend Credit-card robbers hit ATMs in 'tsunami' attacks - British Columbia - CBC News