Teen Sentenced for Stealing €150k From Maltese Online Casino Sentenced

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Published on:
Sep/12/2018

A teenager from Finland who stole more than €150,000 from an online casino in Malta after discovering a glitch in their software will serve a 20-month sentence.

Prosecutors claimed that the teen's parents were accomplices in their son’s crimes.  The family cannot be named because their son was a minor (16) at the time of the crime, which occurred between 2016 and 2017.  They have been charged with aggravated fraud and money laundering and must repay the stolen funds and forfeit a motorcycle the mother purchased.

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According to news reports, the tenn “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”.

He was even able to make a total of 147 withdrawals in a single month.

An employee of the unnamed casino discovered the scam in July 2017.

- Nagesh Rath, Gambling911.com

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