‘[..] Largent fulfilled the pop-culture dream that was popularized in such movies as Office Space and Superman 3 – stealing a large sum of money, $50,000 to be exact, a few pennies at a time.
Largent used a massive fraud scheme to trick Google Checkout and online brokers like E-trade and Schwab to send him the sum, a few cents at a time. The fraud was made possible by a common practice relatively unknown to the general public. When users open up accounts with these sites, the site sends a tiny payment from a few cents to a few dollars to the user. The payment is meant to verify that the user has access to the account and that it’s active.
By opening 58,000 such accounts, Largent funneled money through the channels into a few private bank accounts. Largent raked in $8,000 from Google’s Checkout alone.’