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GreekReporter.comGreeceTwo Students Arrested For Bank Fraud in Thessaloniki

Two Students Arrested For Bank Fraud in Thessaloniki

Two students have been arrested in Thessaloniki for allegedly stealing 300,000 Euros from a bank after hacking into its currency trading system.
According to a police statement on Monday, the two 21-year-old men used an “original hacking method” to manipulate the bank’s currency exchange rates over a week.
Then they allegedly carried out fake transactions worth a total of 1.6 million euros, and invested half their gains in U.S. stocks.
Police are seeking a third suspect, who has only been identified as a British national.
Saturday’s arrests in Thessaloniki followed a complaint from the bank, and an investigation by Greece’s electronic crimes squad.  The suspects were charged with fraud and released on bail on Monday.
(Source: AP)

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