FBI Charges 14 In Citibank Casino Kiosk Theft

By  |  October 31, 2012
 | 

The FBI has charged 14 people with the theft of over $1 million in a scam involving Citibank-operated cash advance casino kiosks in Nevada and California, reports Finextra.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The indictment states that the defendants exploited a timing gap in Citibank’s electronic transaction security protocols, and kept transactions under $10,000 to avoid federal transaction reporting requirements.

    Read the full story here.


    See More In: