Tag Archives: banks
JP Morgan bailed out banks in 1907 but…
JP Morgan bailed out banks in 1907 but a severe recession occured anyway. Nelson Aldrich, a powerful senator with close ties to Morgan, led a mission to Europe in 1908 to study the workings of the central banks in England, France and Germany. The Federal Reserve was created a short time later. Source
A bankrupted con-artist…
A bankrupted con-artist from Oregon was able to purchase a bank license and opened a offshore bank in Grenada by claiming to own a 4 pound ruby worth $20 million dollars and a appraisal document proving its worth. The ruby was owned by a man in California who didn’t know the scammer. The post A… Read More »
In 2011, a 29-year-old Australian bartender…
In 2011, a 29-year-old Australian bartender found an ATM glitch that allowed him to withdraw way beyond his balance. In a bender that lasted four-and-half months, he managed to spend around $1.6 million of the bank’s money. “Being able to make your account balance move up into the millions by the stroke of a key… Read More »
Bank of America was originally…
Bank of America was originally founded as Bank of Italy, in America. They survived the Great San Fran Earthquake and were the first bank to open after it. Turns out, the bank owners had smuggled the money out of the city right after the quake. The fires consumed most of downtown and left the other… Read More »
A professional security tester…
A professional security tester named Jayson E. Street, was once hired to attempt to compromise the computers and networks of a bank in Beirut. He succeeded in the compromise and found several exploits, but was soon shocked to discover he had just robbed/hacked the wrong bank. The post A professional security tester… appeared first on… Read More »