One Man Accidentally Found A Loophole in an ATM and Stole $500,000

Morals Down the Drain

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Even honest men stumble at times, and that’s exactly what happened to Saunders. His moral values went from solid to non-existent. The moment he got the $200 from the first transaction, he had already committed a crime. According to the law, this was called “theft by finding.” He took possession of something without establishing if it belonged to someone else.

Reason Around It

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While deep down, Saunders knew what he did was wrong, he simply told himself that he had discovered a loophole. The ATM was offline from the bank’s main system when he did the transaction. When this happened, the machine was in a “stand alone” mode. The customer wouldn’t be able to access the balance but would be able to transfer money up to the daily limit. This was the bank’s way of making it convenient for their customers, and when it was back online, it would put the debit against the customer’s account.

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