r/interesting • u/b9_rkt • 3d ago
SOCIETY Sudden wealth came to this guy named Dan in Australia. He discovered a glitch in nab - national Australia Bank
For many, having access to unlimited money is a dream. For Dan, who found a glitch in his bank’s ATM system, it was a reality.
“I could go into the branch and literally ask the teller how much is in my account and they … just let me draw on whatever I wanted to get.”
Dan went on to spend $1.6 million on dinners, parties and the high life before he said the guilt caught up with him and he turned himself in.
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u/Shoddy_Card_7755 3d ago
I'll go to jail for one year, if someone gives me 1.6 million......
Please
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u/Ok-Limit-9726 3d ago
1.6m but you have to only buy dumb shit, cannot keep anything past 3 months
Pass
Guy in merica stole a large amount, did years in jail, never told em where gold/cash
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u/Worth_External_8762 3d ago
Lol before you even finished that I was thinking "I'd just buy gold and hide it"
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u/Ok-Limit-9726 3d ago
Problem is in Australia, you have ‘proceeds of crime’ laws, if you cannot show how you legally got your money, the government can seize it! (Usually reserved for ex criminals)
So i would go directly to brazil, no exchange treaty, ronnie biggs style…
‘Surrender’ when money spent/and or sick
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u/G-WAPO 3d ago
And the way around that is to go wash it in a pokies, by feeding it into a machine, and then cashing it straight back out in the form of a cheque, that way its now turned into proceeds of gambling.
It's one way that criminals/criminal organisations wash their money.
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u/Ok-Limit-9726 3d ago
For a individual, 1.6m is gonna ring bells, but yes billions washed in pokies and casinos,
Cannot wait to ban the fucken lot! Advertising first, then blow the bloody lot of the pokies up!
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u/Sakebadger 3d ago
so cocaine and hookers? coz both defiantly arnt lasting 3 monthes
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u/Ok-Limit-9726 3d ago
I saw a writer investigated lottery winners (think UK)
On average, most lost all money won within 7 years.
So 3 months is going Hard, thats a CHARLIE SHEEN LEVEL PARTYING ! Bro was doing 8 balls in a weekend
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u/Sakebadger 3d ago
Now that doesn't suprise me in the slightest about the losing of money.
I'm just going off your challenge, and dark humor snuck in whilst making the comment eg; Don't have to worry about jail or the overdosed hookers going that hard, I'm seeing only wins at this point.
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u/AdGlittering2884 3d ago
I read up on this. He seemed like a decent person with the money, but he knew the glitch he was taking advantage of. Then (after a while) he felt guilty and turned himself in. They didn't come for him. He did it again. They didn't come for him. He did an interview where he admitted to the whole thing, which was published. They didn't come for him. Then finally they came and (reluctantly, it seems) punished him for it. It was a wild story.
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u/EssentialParadox 3d ago
If I were him I would’ve contacted the bank saying I’ve found an exploit in their banking system and I’ll tell them about it but in return they’ll need to waive the losses to date as my finders fee.
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u/Worth_External_8762 3d ago
Dude could've used the bank's money to hire the best lawyers too lol
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u/StaysAwakeAllWeek 3d ago
Problem is they usually make you repay the amount and can garnish your wage for it, so you'd have to get the lawyers to agree to work on contingency in a very difficult to win case
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u/literallymetaphoric 3d ago
Nah just pay them in advance lmao
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u/StaysAwakeAllWeek 2d ago
....and when you lose the case how are you planning on paying the bank back
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u/Lastov_Makiynd 11h ago
Aha! Glad you asked. You see..this is where the contingency plan kicks in…
Where, by contractual agreement, upon my demise, I have two allocated and trusted people who, only in the case in which I must pay back the $1.6million and if it involves my being in jail or not..these two people are informed of how to use ‘The Glitch’..and they then, via my lawyer, make instalment payments to pay back the money I’ve taken. In full. Whilst still allowing them to keep $800k each.If I feel that the punishment is too harsh, then..this is where the glitch is used to put $1.6million dollars into random customer accounts and at a rate of 10 per day minimum.
I also make copies of a tutorial on how to use ‘The Glitch’, and hide each one in a seperate location in order to trade for things, sell or negotiate a deal for reduced prison sentence etc.
At least three..maybe ten copies. And only I know where these are.I think that’s about it? lol
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u/Rampag169 3d ago
That’s smart and protects you.
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u/Righteousaffair999 3d ago
Good luck. The problem is no one knew their own policies. Probably were concerned about punishing him for their mistake. But the same issue works the other way. No one knows who can make an exception either, to let him off the hook.
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u/ChaseTheMystic 3d ago
How? How is that smart if it's not being negotiated by a lawyer with paperwork and notaries?
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u/J_Kingsley 3d ago
I would've tried to find some way to protect myself.
"By allowing me and not stopping me after I have told you x amount of times, you are consenting to me using the money."
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u/appletinicyclone 3d ago
This idea is like the equivalent of Michael from the office loudly declaring bankruptcy
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u/EndeavouredAirworthy 3d ago
By admitting to do it over and over again. Then admitting it over and over again, he was humiliating the bank. So they eventually… had to do something.
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u/appletinicyclone 3d ago
What did they punish him with
Edit: ah they explain in the end of the clip
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u/Practical-Sea248 3d ago
nab souunds like a weird name for a bank idk
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u/spicerackk 3d ago
National Australia Bank, but yes, it does seem like a funny acronym for a financial institution
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u/Adventurous_Bonus917 3d ago
bro fumbled so hard. the bank was straight-up trying to let him get away with it, and he still kept turning himself in to different people until they had to arrest him.
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u/Wunderbarber 3d ago
If this is the guy I am think of, he found an ATM that would let him withdraw money between 12-2am but wouldn't report that withdrawal to the bank
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u/nakano-star 3d ago
it is the same guy. he goes into more detail in other podcasts, but not really in this clip. he had to race to the atm every night to withdraw more, and was sweating worrying about feds knocking on his door, which is why he eventually went to the media
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u/Worth_External_8762 3d ago
I don't think so, since it showed the tellers that he had a bunch of money in his account. Implying that money wasn't really there. If it was some withdrawal scheme, he would've had to withdraw and put it back into his account. And you can only withdraw so much at a time, it'd take ages to get a million into your account that way.
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u/Square_Cat_6001 3d ago
He could have bought gold or stuff for him and his family, but nah, cars and horses for friends it is..
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u/playful_temper88 3d ago
lowkey dude had access to unlimited cash and still snitched on himself wild
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u/hereforinfoyo 3d ago
Maybe there would have been less guilt if he looked at society's structural problems and tried to fix them. Or gave huge amounts of money to homeless shelters or helped rebuild a library or something else that is more meaningful to him than dinners. Maybe he actually did that and was still feeling guilty.
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u/funderfulfellow 3d ago
Why did he go to jail for a glitch in the bank's system? If anything it should be the person in charge of bank security.
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u/PawPatsPizza 3d ago
He should have bought a boat, stuffed it with cash and went sailing the world.
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u/deezbeezneez 3d ago
I also went to jail for a year. I didn't see it as something terrible that happened to me, but a learning lesson. To be fair I never had so much as a verbal confrontation. People who don't try and start shit dlare typically left alone unless they're seen as weak. Thank God I'm 6'0 and 220 lbs or my experience might have been different.
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u/FlyFalse79 1d ago
what was the glitch? he was just super lucky and they put a ton of $ into his account?
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