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aug
23

Finnish Teenager Steals €250,000 From Maltese Online Casino

Tags: casino bug, Finland, Malta.
Posted on 23 August 2018 by "T".

An online casino based in Malta was robbed a whopping amount of €250,000 by a tech-savvy Finnish teenager. His parents are also in hot water for sharing in on his ill-gotten wealth.

On Tuesday, YLE, a media outlet in Finland, reported the teen's case as that of aggravated fraud currently going on its way through the Häme District Court. The teen is a resident of the town of Forssa who apparently discovered a glitch in the software of an unnamed Malta-based online casino.

According to the news outlet, the teen, described to be "now about 18 years old", discovered that in the casino software he was able to cancel other customers' pending withdrawal requests and at the same time have the money transferred to an online wallet rather than the customers' designated bank accounts.

The tech-savvy teen was able to allegedly make a total of 147 withdrawal requests in a span of just one month, which equaled to a loss of €250,000 for the unnamed gaming operator, but things are going to turn around after a site employee found out about the theft in July 2017.

Malta, a popular gaming hub in southern Europe

Prosecutors have claimed that the teen's parents were deemed accomplices to their son's crime, due to the fact that the father was given €14,000 on his bank account, while the mother's account had €2,300 of the ill-gotten money. It looks like the mother has gotten the shorter end of the stick in this case, but prosecutors allege that she also has in possession of a motorcycle worth €5,000 that was bought using the stolen money.

Whatever was his age at the time the online robbery was committed, prosecutors are pushing for the now legally-aged teen to serve 20 months in jail.

Prosecutors have also charged the father with aggravated money laundering, for which they are seeking a 5-month suspended sentence. As for the mother who also faces money laundering charges, she was facing a ‘more lenient suspended sentence'.

The Central Häme District Court is expected to deliver its ruling on the case on September 3rd.

Source:
https://lovinmalta.com/news/local/tech-savvy-finnish-family-face-justice-after-stealing-thousands-from-malta-based-casino

 


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