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Dutch bank fraud nets millions

December 21, 2010
Total Loss: $2.5 million

Over the last month, 13 people have been arrested as a result of a major police investigation into a fraud committed against a Dutch bank. The scam, in which the bank’s systems were manipulated, is reported to have enabled the suspects to transfer 5.6 million euros from the bank to the account of a man from Wageningen in the east of the Netherlands.

Source: Radio Netherlands
Posted in: Internal Fraud