Thursday, November 11, 2004

The Best Way to Rob a Bank

There is an old adage that the best way to rob a bank is to work for it.  As long as you're going to work for the "bank" the best place to conduct the crime may be to work in the security department, at least when you look at the following story about an attempt to scam a state lottery.

A former lottery security officer has been charged with helping two men buy a $1 million winning ticket by tipping them to where it would be sold.

William C. Foreman, 59, was arrested Monday and charged with disclosing lottery information and theft, authorities said. He faces up to 50 years in prison.

Foreman told an acquaintance, Chad Adkins, and Daniel Foltz in May that a winning scratch-off ticket had been sent to a store in Cross Plains in southeastern Indiana, said Marion County Prosecutor Carl Brizzi.

The full story is here, and it notes that one $50,000 payment was made to the purchasers of the ticket.  It is highly unlikely that much if any of that money will ever be recovered. (ph)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2004/11/the_best_way_to.html

Fraud | Permalink