Man Sentenced for Exploiting Bank Loophole to Withdraw $1.6 Million

Dan Saunders was sentenced to a year in jail and fined $250,000 after exploiting a banking loophole in 2011 to withdraw $1.6 million, which he then spent on a spree.

24 Jun, 19:48 — 24 Jun, 19:48

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sbs-newsMostly Factual5d ago

I found a loophole and withdrew $1.6 million. I spent years expecting a knock on the door

In 2011, Dan Saunders went on a spending spree that led to him being sentenced to a year in jail and fined $250,000.

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Man Sentenced for Exploiting Bank Loophole to Withdraw $1.6 Million

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I found a loophole and withdrew $1.6 million. I spent years expecting a knock on the door

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