It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: skywatcher44
I read about this Bangladesh foreign currency reserve scam a few days ago they only got away with $80 million ish it could have been $ a Billion.
Four spoof transactions for just $20M each went through before foundation was misspelled as fandation and the scam was realised..
The bank boss has just resigned ..
At about the same time, the Federal Reserve Bank of New York had alerted the Bangladesh central bank to a series of suspicious requests to transfer money. The requests are believed to have been flagged because they were to private accounts rather than other banks and because there were so many of them.
Bangladesh's government has publicly blamed the New York Fed for not spotting the suspicious transactions earlier.