In 2011, a 29-year-old Australian man discovered an ATM glitch enabling him to withdraw cash far beyond his account balance.

In 2011, a 29-year-old Australian man discovered an ATM glitch enabling him to withdraw cash far beyond his account balance. 


Over a span of 5 months, he splurged $1.6 million of the bank's funds on lavish parties, private jets, international vacations, and even covered his friends' university fees.

The man in question, Dan Saunders, was a bartender in his hometown of Wangaratta, three hours north of Melbourne. 

The discovery of the ATM glitch was purely accidental. On a night out, Saunders was trying to check his account balance but the ATM kept displaying the message “balance unavailable at this time.” He decided to transfer $200 from his credit account to his savings and it said “transaction cancelled” but still dispensed the cash. 

This was the beginning of his journey into the world of unlimited cash.

Saunders soon realized that the ATM couldn’t record transactions during late-night maintenance but still dispensed cash. 



He found that he could “create” the money by doing a transfer between 1 and 3 in the morning, which is when he realized ATMs go offline. He had to always stay one day ahead, meaning that on the first day he spent $2,000, but on the second day he transferred $4,000 to make sure his balance didn’t stay negative. 

This was the loophole that allowed him to live a millionaire’s lifestyle for a few months.

Interestingly, Saunders described how it was “quite baffling” that no authorities attempted to stop him, so he continued to spend like it would be his last day to do so. One of his most extravagant purchases was chartering a $90,000 private jet to take him and some friends to a remote Asian island for a weekend. After his arrest, Saunders returned to his job as a bartender, earning $22 an hour.

Comments

Post a Comment

Popular posts from this blog

19 Yazidi girls burned alive for refusing to have sex with their ISIS captors

Image
19 Yazidi girls burned alive for refusing to have sex with their ISIS captors ISIS burned alive 19 Yezidi girls who refused to convert to Islam and become sex slaves. None of the Muslims organized a march for them! Nineteen Iraqi Yazidi girls who refused to have sex with their Islamic State captors were placed in iron cages and burned alive in front of a crowd of hundreds in Mosul on Thursday, activists and witnesses say. “The 19 girls were burned to death, while hundreds of people were watching,” a witness told ARA News. “Nobody could do anything to save them from the brutal punishment.” ISIS took the girls – and thousands of others -- as sex slaves after overtaking a northern Iraqi region they called home in August 2014. “They were punished for refusing to have sex with ISIS militants,” local activist Abdullah al-Malla told ARA News. Human Rights Watch and the United Nations have called on ISIS to release the girls, citing human rights abuses. “The l
Read more

German women were r*ped by all armies at the end of the second world war. From the archive, 17 June 1955:

Image
  German women were r*ped by all armies at the end of the second world war. From the archive, 17 June 1955: Two years after the end of the war Berlin still smelled of death. Each street contained dozens of ruins and every ruin, especially after rain had fallen and there was still a dampness in the air, retained the same sickly smell. It may have been, as some Germans honestly believed, corpses buried beneath them, or it may have been the state of the drains. It may simply have been the projection of a short but stormy past into the greyness of that particularly uninviting present. Here are some images containing Graphic content visual material that is considered disturbing, offensive, or inappropriate. images from Execution of torturers and violence. 
Read more

Shocking moment Muslim woman is publicly executed by al-Qaeda supporters for 'adultery'

Image
Shocking moment Muslim woman is publicly executed by al-Qaeda supporters for 'adultery' THESE are the horrifying moments just before a Muslim mother was shot in the head by supporters of terror group al-Qaeda during a public execution for suspected adultery. The woman was shot dead after being accused of adultery The shocking footage has emerged online showing a woman, who is wearing a black robe, hijab and red jacket, as she is forced to crouch down on her knees.  Surrounding her are several masked and heavily-armed jihadi fighters who crowd around to film the footage on their mobile phones.  Behind her the executioner explains that she has been convicted by an Islamic court for being unfaithful to her husband, as well as running a brothel.  A gunmen, clothed in black and wearing a balaclava, then raises his pistol before shooting her at point black range in the head as chants of Allahu Akbar, 'God is greatest' in Arabic ring out from th
Read more

Popular posts from this blog

German women were r*ped by all armies at the end of the second world war. From the archive, 17 June 1955:

Image
  German women were r*ped by all armies at the end of the second world war. From the archive, 17 June 1955: Two years after the end of the war Berlin still smelled of death. Each street contained dozens of ruins and every ruin, especially after rain had fallen and there was still a dampness in the air, retained the same sickly smell. It may have been, as some Germans honestly believed, corpses buried beneath them, or it may have been the state of the drains. It may simply have been the projection of a short but stormy past into the greyness of that particularly uninviting present. Here are some images containing Graphic content visual material that is considered disturbing, offensive, or inappropriate. images from Execution of torturers and violence. 
Read more

An unauthorized photo of Stalin: the moment he was informed that the Germans were about to take Kiev, 1941

Image
  An unauthorized photo of Stalin inside of the Kremlin shows the very moment he was informed that the German armies had advanced in Kyiv (August 1941). What you see here is a man who up until a few weeks before had absolute confidence in Plan A, and who now has no Plan B. The picture was taken by Komsomolskaya Pravda’s editor-in-chief. The photographer secretly defied orders to destroy it as it was deemed not to show Stalin in a positive light. Operation Barbarossa, the German attack on the Soviet Union, was the greatest military operation of World War II. It deployed thousands of aircraft, tanks, artillery guns, and more than six million soldiers. Furthermore, it brought two of probably the most totalitarian regimes in history against one another. However, in the first few weeks of the operation, it didn’t look like the clash of two giants. The German advance seemed like an easy summer walk — the Red Army was simply unable to challenge them. The Soviet commande
Read more

Mohamed Abukar Ibrahim, 48, was stoned to death by militants from the Hizb Al-Islam group in Afgoye, district Somalia, in 2009

Image
Mohamed Abukar Ibrahim, 48, was stoned to death by militants from the Hizb Al-Islam group in Afgoye, district Somalia, in 2009 Stoning is a form of execution by torture where the individual who throws the deadly stone cannot be identified. In some countries, those sentenced to stoning, or “lapidation” as it is also called, are buried in a hole and covered with soil (men up to their waists; women to a line above their breasts), according to Article 102 of the Islamic Penal Code. A selected group then executes the alleged adulterers using rocks and sticks. Those able to escape the hole during stoning can be freed, according to Islamic law, a feat that is much more difficult for women than for men because so much more of their body is covered during lapidation. Stoning is considered a form of community justice and has its fair share of critics both among human rights groups and Islamic clerics. In Somalia, a 48-year old man was buried up to his waist and stoned
Read more