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"he had to know after $10m they would catch on...Take $10m, someone is going to notice" You don't know that for every person caught after taking $10m there are

"he had to know after $10m they would catch on...Take $10m, someone is going to notice" You don't know that for every person caught after taking $10m there aren't 5 who took $100m then stopped and got away with it. It's just pure speculation.

drawkbox 7y ago
Possibly, in the McDonald Monopoly scam eventually the mob got involved, so maybe some are able to get away with it somewhere. But like in Office Space, when the account gets big enough it has to eventually be investigated and people aren't smart to run up a big amount but get greedy, whether they find the money or not who knows but someone will know.
onion2k 7y ago
You don't know that for every person caught after taking $10m there aren't 5 who took $100m then stopped and got away with it. It's just pure speculation. I'd assume a $100m hole in a company balance sheets when they get audited would make the news.
- sverige 7y ago
  But if you're really smart, you might get away with over $10MM (in 1978 dollars!) without the bank noticing for eight days -- when the FBI told them. https://www.social-engineer.org/wiki/archives/Hackers/hackers-Mark-Rifkin-Social-Engineer-furtherInfo.htm https://www.social-engineer.org/wiki/archives/Hackers/hacker... https://en.m.wikipedia.org/wiki/Stanley_Mark_Rifkin https://en.m.wikipedia.org/wiki/Stanley_Mark_Rifkin https://coolinterestingstuff.com/worlds-biggest-heists-stanley-rifkins-10-million https://coolinterestingstuff.com/worlds-biggest-heists-stanl...
  - captn3m0 7y ago
    Punjab National Bank, a state-owned bank in India ~lost $1.4B, without knowing about it for more than a year. ~lost is somehwhat vague because all it involved was a Letter of Undertaking that was a "promise" by the bank to return that money. They did honor it, losing billions of dollars. [0]: https://en.wikipedia.org/wiki/Punjab_National_Bank_Scam https://en.wikipedia.org/wiki/Punjab_National_Bank_Scam [1]: https://economictimes.indiatimes.com/news/international/obama-says-new-budget-rules-will-rein-in-spending/an-evergreen-lou-story-how-shetty-co-pulled-the-pnb-con/articleshow/63163744.cms https://economictimes.indiatimes.com/news/international/obam...
- JOnAgain 7y ago
  If they found it. Big company get so complex i don’t think that’s a given. It’s not like they’d be kissing $100m from a single bank account and just be like, that number is low.
  - mygo 7y ago
    this is why you have balance sheets. it would have been caught by the time the accountants needed to figure out total balances and payables and receivables.
bduerst 7y ago
Yes, it would be survivor bias, but usually publicly-traded companies have a fiduciary duty to report these types of theft, even if they don't know who committed them.
ricktdotorg 7y ago
a recent example where the guy got away with nearly $40m over a number of years. internal billing scam https://www.justice.gov/usao-cdca/pr/ex-accounting-manager-charged-embezzling-36-million-company-client-has-been-extradited https://www.justice.gov/usao-cdca/pr/ex-accounting-manager-c...

drawkbox 7y ago

Possibly, in the McDonald Monopoly scam eventually the mob got involved, so maybe some are able to get away with it somewhere. But like in Office Space, when the account gets big enough it has to eventually be investigated and people aren't smart to run up a big amount but get greedy, whether they find the money or not who knows but someone will know.

onion2k 7y ago

You don't know that for every person caught after taking $10m there aren't 5 who took $100m then stopped and got away with it. It's just pure speculation. I'd assume a $100m hole in a company balance sheets when they get audited would make the news.

sverige 7y ago
But if you're really smart, you might get away with over $10MM (in 1978 dollars!) without the bank noticing for eight days -- when the FBI told them. https://www.social-engineer.org/wiki/archives/Hackers/hackers-Mark-Rifkin-Social-Engineer-furtherInfo.htm https://www.social-engineer.org/wiki/archives/Hackers/hacker... https://en.m.wikipedia.org/wiki/Stanley_Mark_Rifkin https://en.m.wikipedia.org/wiki/Stanley_Mark_Rifkin https://coolinterestingstuff.com/worlds-biggest-heists-stanley-rifkins-10-million https://coolinterestingstuff.com/worlds-biggest-heists-stanl...
- captn3m0 7y ago
  Punjab National Bank, a state-owned bank in India ~lost $1.4B, without knowing about it for more than a year. ~lost is somehwhat vague because all it involved was a Letter of Undertaking that was a "promise" by the bank to return that money. They did honor it, losing billions of dollars. [0]: https://en.wikipedia.org/wiki/Punjab_National_Bank_Scam https://en.wikipedia.org/wiki/Punjab_National_Bank_Scam [1]: https://economictimes.indiatimes.com/news/international/obama-says-new-budget-rules-will-rein-in-spending/an-evergreen-lou-story-how-shetty-co-pulled-the-pnb-con/articleshow/63163744.cms https://economictimes.indiatimes.com/news/international/obam...
JOnAgain 7y ago
If they found it. Big company get so complex i don’t think that’s a given. It’s not like they’d be kissing $100m from a single bank account and just be like, that number is low.
- mygo 7y ago
  this is why you have balance sheets. it would have been caught by the time the accountants needed to figure out total balances and payables and receivables.

bduerst 7y ago

Yes, it would be survivor bias, but usually publicly-traded companies have a fiduciary duty to report these types of theft, even if they don't know who committed them.

ricktdotorg 7y ago

a recent example where the guy got away with nearly $40m over a number of years. internal billing scam https://www.justice.gov/usao-cdca/pr/ex-accounting-manager-charged-embezzling-36-million-company-client-has-been-extradited https://www.justice.gov/usao-cdca/pr/ex-accounting-manager-c...