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

Tricking the System

Photo source: http://waterford-qld.place-advisor.com/

Saunders found a way around the system. Every night, he transferred just a little more than what he spent from his credit card to his savings account. He did this on a nightly basis, when the system was down. He was basically buying himself time, but he also knew that he couldn’t go on with this without the bank catching up. It scared him, which was why he also kept betting on horse races.

Out of Luck

Photo source: https://www.goodreturns.in/

The bets Saunders made were always unlucky. For him, he was the worst punter in all of Australia. It didn’t matter because by then, his nightly trips to the ATM would wipe away any debt he had. Just a few keystrokes, and he was back on his feet. But after a few weeks, his fears became a reality. He stopped making the nightly transfers when the deficit was finally reflected on his savings account.

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