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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

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