RealNews

$15 million suspected stolen in September 11 fraud

Investigators suspect more than US$15 million ($26 million) was stolen from automated teller machines that malfunctioned after the September 11, 2001, attacks on New York, officials said today. Up to 118 people have been arrested or are being sought on suspicion of using the machines, which are run by a credit union for city employees, Manhattan’s top prosecutor Robert Morgenthau said at a news briefing. The money was allegedly stolen in cash and by credit card when the Municipal Credit Union’s machines were damaged in the collapse of the twin towers of the World Trade Centre after the hijacked plane attacks. The machines lost the computer link with the New York Cash Exchange that administers bank-to-bank transactions, including automated withdrawals, Morgenthau explained. The exchange was unable to check the credit union’s account balances to make sure there was enough to money to cover a member’s ability to make withdrawals. Full Story

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