Australian Man Who Spent $1.6m Exploiting Bank Glitch Reflects On Lavish Lifestyle, Jail Term

An Australian man who spent more than $1.6 million after discovering a banking system glitch has spoken about the extravagant lifestyle he enjoyed before eventually serving time in prison.
Dan Saunders, a former bartender from Wangaratta in Victoria, stumbled upon a technical fault in the National Australia Bank’s ATM system in 2011. According to reports, the discovery came after he attempted to transfer $200 from his credit card to a bank account that contained just $3.
Although the ATM indicated that the transaction had failed, the money was still dispensed. Saunders later realised he could repeatedly transfer funds from his credit account to his savings account whenever the ATM net...