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Both parents were discovered to have funds that were proceeds of the crime in their bank accounts, while the mother was in possession of a €5,000 ($5,770) motorcycle that had been paid for with the stolen money. The tech savvy teenager was 16 years old when he discovered the glitch, which permitted him to make multiple requests for refunds to the Malta-based casino. During the trial, the court heard the boy had exploited the flaw 417 times between April and May 2017, until a casino employee uncovered the fraud. It was originally claimed he had transferred €252,000 ($290,000) into his bank accounts, a figure later revised to €132,000, which the teenager was ordered to repay along with €3,000 ($3,460) to cover the online gambling company’s legal fees. The parents were prosecuted as accomplices to the crime, as around €17,000 ($20,000) was found in their accounts.
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It Doesn’t Pay to Steal Especially From an Online Casino An underage player from Finland could face prison time for stealing more than $250,000 from an online casino based out of Malta. The underage player’s parents have been charged with money laundering crimes after the investigation concluded with large amounts of the stolen money sitting in the parents’ bank account. There was a technical glitch with the casinos software and the young man from the Finnish municipality of Forrsa took advantage of the glitch, and casinos lack of security measures. He registered with the casino with a false birthdate, making him of age. As soon as the account was set up the young man spotted a big technical bug with cancelling fund transfers. This glitch made it easy for the young man to redirect transactions to one of his online wallets. Although the young mane is a minor he is facing charges of aggravated fraud. He appeared in the Hame District Court this week admitting that he did the crime and was guilty, and that he transferred more than $250,000. Prosecutors in the case said the young man transferred 417 refunds to his online wallet.
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