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Microcap & Penny Stocks : Rat dog micro-cap picks...

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To: Bucky Katt who wrote (8933)	8/7/2002 7:52:26 AM
From: paret	Read Replies (1) of 48461

CREDIT-UNION CROOKS RUSH TO PAY UP New York Post ^ \| 8/07/02 \| DAREH GREGORIAN August 7, 2002 -- The arrests of 69 people who took advantage of a post-9/11 computer glitch to withdraw money they didn't have from ATMs have prompted many of the 4,000 other suspects to come forward to repay their ill-gotten gains, the Municipal Credit Union said yesterday. "A lot of people have been coming in to pay," and "the phones have been very, very busy," said MCU general counsel Thomas Siciliano. The terror attacks had caused the MCU's computer system to go off-line, meaning the agency temporarily couldn't keep track of how much money people had in their accounts - leaving clients to withdraw however much cash they wanted. Prosecutors charge 4,000 of the MCU's 300,000 clients overdrew more than $15 million of the credit union's money, thinking they wouldn't be caught. They were - and law-enforcement officials are in the process of arresting 101 of the worst offenders. Siciliano said the MCU sent out letters informing clients who had overdrawn their accounts that they should pay up. Some did, but others ignored the warning until The Post reported on Monday that arrests were imminent, Siciliano said.

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