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Bank glitch gives man 1.5 million, and the stupid f**k gambled it all away!

Discussion in 'BlackHat Lounge' started by 2011nfl, Jun 20, 2012.

  1. 2011nfl

    2011nfl Supreme Member

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    I can't believe what I just read! How the hell are you gonna get a free 1.5 mill, and just gamble it away like its 1.5 k??? Stupid! I would've invested it, and made a couple hundred thousand profit within a couple of months, then return the money to stay out of trouble. Now he faces 15 months in prison, and has nothing to show for it. Read the story here
     
  2. PartyNeon

    PartyNeon Regular Member Premium Member

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    Its amazing on what people do... Think of all the websites you could build with 1.5 million! Haha ;)
     
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  3. metalan1

    metalan1 BANNED BANNED

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    What was he going to do with it, keep it? They would have never let him keep it. This was actually the best possible thing he could do with it, cause if he won some outrageous amount, there is a possibility he could have kept the some of it.
     
  4. Sandeep-Dahiya

    Sandeep-Dahiya BANNED BANNED

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    Universe is full of Surprises.
     
  5. krzysiekz

    krzysiekz Senior Member

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    Sorry, no. I guarantee you are on the wrong forum if you think gambling is the BEST thing he could have done in this scenario.
     
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  6. 2011nfl

    2011nfl Supreme Member

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    It took them 4 months from when he first took the money to file charges. Within 4 months he could've at least made a quarter million profit, then turn the original 1.5 mill back in, and keep flipping the quarter mill for more profit.
     
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  7. Chris7up

    Chris7up Registered Member

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    Could have made that 1.5mil into 10mil+

    But let's say he kept the money and got caught, couldn't he just hide it some where? Gold Bars? Haha
     
  8. Tsmash

    Tsmash Regular Member

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    woahhh. He could have moved to the Philippines and retired.
     
  9. Moto801

    Moto801 Senior Member

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    Yes but how would he explain or claim his new found profits? That would be like making a couple hundred thousand profit off of drug money investments.. the IRS is going to wonder where the initial investment came from.

    What I mean is even if he invested the money and made profit, he would still be facing charges unless he hid everything very very well but still how do explain withdrawing 1.5M and then giving it back?
     
  10. truitt661

    truitt661 Junior Member

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    I just read this and this muthafucker decided to gamble it away.SMH!!!
     
  11. Chris7up

    Chris7up Registered Member

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    Yeah of course he would. His bad judgement on how he handled the situation. If you rob a bank for 1 million dollars and invest and make 10 million and give the bank 2 million back you will still face charges. The method on how he received the funds is what he's being charged for. He's lucky only 15 months, but it's not like he physically robbed the bank, Bank of America had some fault too, so he got lucky.
     
  12. lanbo

    lanbo Jr. VIP Jr. VIP Premium Member

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    ................. Yolo
     
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  13. Moto801

    Moto801 Senior Member

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    I just wonder how he was able to take out over $300,000 in one day from the atm? Doesn't BOA have a daily ATM withdraw limit?
     
  14. iPinner

    iPinner Senior Member Premium Member

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    Yes! And snuff cocaine on transexual boobs for a couple of years. It's blackhat right?
     
  15. Tsmash

    Tsmash Regular Member

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    That's where the glitch came in.
     
  16. Moto801

    Moto801 Senior Member

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    I thought the glitch was adding $1.5M to his account
     
  17. jkwak

    jkwak Regular Member

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    Regular ATM's don't allow it but I think that's why he went to the casino ATM's to withdrawal because they allow much larger limits. So maybe he had a plan but got side tracked and pissed it all away? Who knows what the hell he was thinking. Either way I'm sure he'll be kicking himself for much longer than 15 months for sure!

     
  18. gingerbuzz

    gingerbuzz Junior Member

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    It seems it was a cash overdraft account - i dont know what overdraft rates are like in the states but whatever way you look at it he was going to be paying a damn huge amount back by the time all that daily overdraft interest rate had been added by the banks.
    I'm wondering Where was his brain at this point?
     
  19. kcollier63

    kcollier63 Registered Member

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    He didn't know, at first, that he would be able to get that much money. So he figured that he would probably only get the first amount, then try to double or triple that. Then he got some more. Still didn't know if this thing would keep working for him, so he kept trying to double and triple. I believe that if he knew upfront that he would be able to take out that much money, he probably would have not gambled it all away.
     
  20. Tsmash

    Tsmash Regular Member

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    From what I understand they didn't actually give him $1.5M. I believe that the glitch was that they just kept letting him overdraw his account over and over again.