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To: tsigprofit who wrote (8932)8/6/2002 10:11:50 AM
From: Bucky Katt  Read Replies (5) | Respond to of 48461
 
Welcome to New York>

NEW YORK (AP) - In one of the largest fraud cases resulting from the terrorist attacks, thousands of people are accused of using ATMs to steal $15 million from a municipal employees' credit union whose computer security system was damaged on Sept. 11.

Sixty-six people have been arrested and 35 more were being sought in the scheme, authorities said Monday.

District Attorney Robert Morgenthau said the suspects found a way to repeatedly withdraw up to $500 a day from ATMs — even if their accounts at the Municipal Credit Union couldn't cover it.

The problem stems from Sept. 11, when the attack on the World Trade Center damaged a nearby building housing the credit union's computer system.

Credit union officials soon realized they could not properly monitor the computer network that handles automated teller transactions. But they decided to allow withdrawals without the normal banking safeguards so they would not offend members affected by the tragedy.

"This is a prime example of no good deed goes unpunished," Morgenthau said. "People took advantage."

He said as many as 4,000 people manipulated the system to overdraw their bank accounts by at least $1,000. Of that group, more than 540 credit union members exceeded their balances by more than $5,000.

According to authorities, a 54-year-old nurse made 54 cash withdrawals from Sept. 18 to the end of October, leaving her with a negative balance of $18,111.

A Housing Authority employee allegedly made dozens of withdrawals, using his credit union card to make purchases at a barbecue restaurant, a liquor store and a motel. A school safety officer allegedly made 80 withdrawals in a five-week span, leaving her account more than $11,000 in debt.

The computer problem was fixed in November, and investigators began tracing the illicit withdrawals. Authorities said a handful of people, when confronted about the transactions, agreed to take out loans to pay the money back.

Those who "took the least amount" will be able to pay back the credit union, Morgenthau said.

Since Sept. 11, local and federal prosecutors have already charged more than 90 people on a variety of fraud counts, many involving false claims for assistance. No case has involved as many people as the one announced Monday.



To: tsigprofit who wrote (8932)8/6/2002 11:23:14 AM
From: Silver_Bullet  Read Replies (1) | Respond to of 48461
 
We might as well take over the whole Middle East. <smirk>

FT



To: tsigprofit who wrote (8932)8/7/2002 10:09:46 AM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
In late Oct. 1983, when the US Marines in Lebanon got blown up, the chant was (after the smoke cleared)

nuke their ass & take the gas....

On the morning of Sunday, October 23, 1983, shortly after the sun rose over the Shouf Mountains of Lebanon, a Mercedes truck barreled across a parking lot that separated the Beirut airport terminal from the temporary U.S. Marine headquarters. Skirting sand-bagged bunkers and crashing through a series of barbed wire fences and gates, the truck dodged the bullets from a sentry's rifle and headed straight for the building where some 300 Marines lay sleeping. As witnesses watched in horror, the driver smashed the truck through the remaining barriers and into the lobby of the headquarters, where he detonated some 2,600 pounds of explosives. Within seconds, the four-story building was reduced to a heap of rubble, trapping hundreds of dead and wounded soldiers under the crushing weight of broken cement and cinder blocks. Minutes later, a similar attack destroyed a nearby barracks housing French paratroopers.
The next day, U.S. newspapers described a nightmare scene at the Beirut airport, where rescue workers used blow torches, pneumatic drills, and cranes in a desperate effort to free Marines still pinned under the collapsed building. "I haven't seen carnage like that since Vietnam," a Marine spokesman told reporters. 241 Marines lost their lives in the suicide attack, attributed to Lebanese Shi'ite militants. The French counted over 56 paratroopers dead.

wesleyan.edu