« FFFT Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Suspects who allegedly stole $1 million from casinos indicted

By: clo in FFFT | Recommend this post (0)
Sat, 27 Oct 12 7:17 PM | 72 view(s)
Boardmark this board | Food For Further Thought
Msg. 47145 of 65535
Jump:
Jump to board:
Jump to msg. #

The entrepreneurs of the 21st century...

Suspects who allegedly stole $1 million from casinos indicted

By Tony Shin, NBCSanDiego.com

SAN DIEGO -- A total of 14 suspects have been indicted on accusations they stole about a million dollars from casinos in California and Nevada.

The suspects were allegedly able to confuse the banking system, according to officials. Investigators said the suspects took advantage of a loophole in the Citibank system. 

Officials said the suspects would open accounts at various Citibanks in Southern California, including San Diego. They would then go to a casino cash advance kiosk and withdraw money.

Because of that loophole, a suspect could make multiple withdrawals for the same amount of money, as long as it happened within 60 seconds and all those withdrawals would count as duplicate transactions.

more:
http://usnews.nbcnews.com/_news/2012/10/27/14737667-suspects-who-allegedly-stole-1-million-from-casinos-indicted?lite




Avatar

DO SOMETHING!




» You can also:
« FFFT Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next