Tuesday, October 25, 2011

Australian mother sues banks for her son's eBay Scam

Full Story: CNN


A mother from New South Wales, Australia, has sued country's top four banks for a possible role in money laundering from her son's $200,000 eBay scam that allowed him a $6,000 a day lifestyle. Her son since 2007, when only 14, had been making money on eBay by selling non-existent gadgets, by allegedly deceiving the Commonwealth Bank into opening an account along with a friend pretending to be his guardian.

Read full story for details of this interesting revelation and how even children at such a small age can come up with ideas of defrauding banks and even their own parents

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