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Dan Saunders: The ATM Glitch That Made Him a Millionaire Overnight

Dan Saunders: The ATM Glitch That Made Him a Millionaire Overnight

Serial Napper | True Crime for the Chronically Tired

March 11, 202424m 46s

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Show Notes

One night, as he stumbled out of a bar with only $3 in his bank account, Dan Saunders made a simple decision that would change his luck and his life forever. He stopped at an ATM on his way home to try to withdraw cash from his nearly-maxed-out credit card and discovered a glitch in the system. Somehow, the bank machine allowed him to withdraw a lot more money than the balance in his account. He was planning to report it to the bank, but when he tried to withdraw even more cash, he realized he had uncovered a loophole that would allow him to withdraw an endless amount of cash forever - as long as he stopped on top of things. Why spoil a good thing? 

So instead of calling the bank to let them know about the glitch, he spent the next four months living a life of total luxury, buying suits, gambling in Vegas and taking lavish vacations. However, as with most things - if something sounds too good to be true, it usually is.

Sources:

https://www.dailymail.co.uk/news/article-2823199/ATM-conman-Dan-Saunders-spent-MILLION-dollars-withdrew-machines-loophole-arrested-facing-100-charges.html

https://www.vice.com/en/article/pa5kgg/this-australian-bartender-dan-saunders-found-an-atm-bank-glitch-hack-and-blew-16-million-dollars

https://www.businessinsider.com/australian-bartender-withdraws-over-million-dollars-atm-glitch-vice-podcast-2020-4

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