Collect $50,000, a Few Pennies at a Time

May 28th, 2008

ThiefThis guy took advantage of the fact that when you set up an online brokerage account, the brokerage company will “test” your bank account by making a small deposit. So he wrote a script that opened thousands of accounts linked to a few bank accounts. He was able to collect about $50,000 before getting caught. Although illegal, this was absolutely ingenious. I’m a bit jealous I didn’t think of it first.

Link: http://blog.wired.com/…
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