Farking goofy!

He's going to need a good lawyer.
I recommend the Law Offices of Dewey, Cheatum & Howe.

An identity theft case for Eddie Valiant!

That's the problem when you sign with names such as $crooge McDuck.

Bank teller: "Sign here, Mr Phudd ..."

Santos L. Halper

/DRTFA

Lionel Mandrake: He's going to need a good lawyer.
I recommend the Law Offices of Dewey, Cheatum & Howe.

While I would recommend Hugh Lewis Dewey, Esq.

I sentence you to ten years in pound-me-in-the-ass prison.

Um, it appears he wasn't charged for using cartoon names. NY Times headline team might want to rethink.

/dopey
//happy
///sleepy

if the tos allows it I see nothing wrong. However I am sure that because of the reporting requirements both etrade and schwab.com TOS or the signup app states that you must use your real info. Google checkout may not, as that is designed for businesses mostly. They probably do now :)

Really, its a shame when companies do a loss leader or something and someone abuses that. In this case it wasnt a loss leader, but it was something they agreed to do to verify the info. This is also one reason paypal only lets a bank account be registered 1 time.

I see this, other intangible things like telephone minutes, etc similar to when I sold mp3 players on ebay, I got them from best buy corporate sales for less than best buy paid, I was an authorized reseller and got confirmation from the manufacturer that indeed it was below cost. I had no problem with selling those, just as I would have no problem selling phone minutes for profit that I bought for below cost, nor would I have a problem with this (pending the TOS issue of course, 18 USC 1030 can cover that per the "In Re: America Online, Inc." case from 1998).

It is funny though that this was only caught because banks are required to verify the information provided under the patriot act, and the verification process probably wouldnt have noticed, at least not as quickly, since complying on the verification stuff costs the bank money.

FTA: "He used the accounts to steal so-called micro-deposits of a few cents to a few dollars deposited by brokerage firms into new accounts"



He was just saving to have two women at the same time.

thanks, trendon

krackpipe: Um, it appears he wasn't charged for using cartoon names. NY Times headline team might want to rethink.

/dopey
//happy
///sleepy

drivers license numbers, and names - even the names of cartoon and comic book characters - to open the accounts.

It appears that indeed he was. The Seven Dwarfs want to have a word with the eighth dwarf: FAIL.

I'll bet they weren't has as funny as the names used to rickroll the Mets.

$50K for all that work? If he had spent that much time and brain power doing something legit he would have made a helluva lot more money.

Clever idea though. Like the legendary computer programmer who supposedly calculated all accounts in the bank where he worked to 3 decimals instead of 2, then trimmed to pennies and transferred the difference to his accounts.
1)Compile new code
2) Delete source
3) Run program.
4) Profit

czarangelus?

Dewey, Cheatum & Howe

What a co-inki-dink?

There's a Dewey, Smokem & Howe, around these parts!!

If convicted, Largent could face up to 25 years in federal prison. Now out on bail, he is scheduled to appear in court for a hearing on June 19, according to a spokesperson for the court.

Nice to know where the priorities of your so called "justice" system are, US.

Murder or rape someone and you get out in five years

Steal some money from some greedy suit-wearing bankers and you get 25 years.

Day_Old_Dutchie: If convicted, Largent could face up to 25 years in federal prison. Now out on bail, he is scheduled to appear in court for a hearing on June 19, according to a spokesperson for the court.

Nice to know where the priorities of your so called "justice" system are, US.

Murder or rape someone and you get out in five years

Steal some money from some greedy suit-wearing bankers and you get 25 years.

That would be my normal reaction too, but the real charges are: 58,000 counts of computer fraud, wire fraud and mail fraud.

Rusty Shackelford FTW

Watch the cornhole, man.

Sue Dunham: Day_Old_Dutchie: If convicted, Largent could face up to 25 years in federal prison. Now out on bail, he is scheduled to appear in court for a hearing on June 19, according to a spokesperson for the court.

Nice to know where the priorities of your so called "justice" system are, US.

Murder or rape someone and you get out in five years

Steal some money from some greedy suit-wearing bankers and you get 25 years.

That would be my normal reaction too, but the real charges are: 58,000 counts of computer fraud, wire fraud and mail fraud.

Yeah, and each one apparently netted him less than $1.

That's a lifetime's worth of abusing the 'Take a penny, leave a penny' system within six months.

It can reasonably be argued that he should not get a sentence bigger thanAndy Fastow (new window) did, especially considering the *actual* effect.

I should hurry up and finish my personal "Terms and Conditions," get them notarized, and profit.

/First condition: "These Terms and Conditions are subject to change at any time and without notice, like how they're being created in the first place, but they are legally binding as leveling the corporate-personal agreements in place
//Idealism is intoxicating

AIG would use the ole' scimming of percentages in the 70's when it was owned by one guy. I forget his name. They would take monies and transfer money across different countries continually. I am not sure about the math. The company made gazzilions of money doing this.

Here is a little footnote story. The IRS wanted to audit the company for hundreds of millions of dollars. This was back in the 70's when those old reel to reel tapes where used on the mainframe. The owner went the the mainframe room talked to the mainframer. Mysteriously the tapes with all the financial information had been demagnetized and erased. A week later the mainframer quit his job and moved to the Bahamas. Hmm.

Eventually, the owner did get nailed my the IRS not until the 90's.

PS I know my spelling is sucky but too lazy to use spell check.

Maybe it's my french classes coming back to haunt me, but I think that guys name should be L'argent.

/no relation

Lionel Mandrake: He's going to need a good lawyer.
I recommend the Law Offices of Dewey, Cheatum & Howe.



"I'll take the case!"

This is so stupid. I mean no one would REALLY do that, would they?

He used cartoon character names. Nobody at the brokerage places caught on? Sure, there are actually people named Homer Simpson, Kent Brockman, and so on, not all cartoon character names are also actual real names. Article didn't say. 58,000, he must have used silly ones. Stupid brokers.

Unavailable for comment

lordargent: Maybe it's my french classes coming back to haunt me, but I think that guys name should be L'argent.

/no relation

I just noticed that on a second pass.

"He's money yo!

Or it could be another case of made-up journalism.

/You heard it here first folks
//Munkyphishing!

I knew of a guy who worked at a Sherwin Williams paint store. He opened a bank account under the name Sherwin T. Williams.
When customers wrote a check, he deposited it into his account.
His cunning plan eventually failed and he went to prison.

meh.. who hasn't thumbed through a comic book looking for baby names?