FBI Charges 14 In Citibank Casino Kiosk Theft

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.

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.

Click to comment