Tuesday, August 06, 2002
After 9/11, the Municipal Credit Union lost its network connection which allowed it to verify members' ATM withdrawals. As a result, thousands of people were able to withdraw more money from ATMs than they had in their accounts, including many who withdrew thousands of dollars more than they were entitled to, resulting in total theft of over $15 million. Of course, all of their transactions were logged and there have been multiple arrests for grand larceny. This restores my faith in human nature...