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Lugano, Switzerland — December 1978
LUGANO J SWITZERLAND DECEMBER 1978
Mario Minotti and Mario Poletto were arrested, and warrants are outstanding for three other men, on charges of transmitting false payment orders, using a US bank's confidential telegraphic code. The amount at risk was a mere $44 000 000 and the intention was to pick up the cash in Lugano and Zurich. The fraud was uncovered by investigators looking into another matter.
CITY NATIONAL BANK - MARCH 1979
Michael Joseph Kelley an ex employee of the City National Bank of Beverley Hills, California and his colleague Richard Albert Warren made an unsuccessful attempt to defraud CNB of $1 000 000. On March 13th 1979 they arranged the transfer of $100 000 from a cornmercidl account at CNB to Warren's personal account at the Chase Manhatten Bank New York. Then, flushed with success, they wired a further $500 000 on March 15 and another $500 000 on March 16th. Part of the funds were used to buy diamonds from a New York dealer. The discrepancies came to light on Monday 19th March and the FBI were quick in making the arrests. $825 ooO's of diamonds were recovered. Perhaps, through embarrassment, the bank did not wish to comment, but based on recent cases, it should feel fairly comfortable that the loss came to light so quickly.
REGIONAL HEALTH: NO OBVIOUS SYMPTOMS
On January 16th 1979 a senior official of the Oxford Regional Health Authority was suspended because of impropriety in the ordering of a new computer system. Apparently the order was placed with Digital Equipment Corporation on the basis of a single tender. One other potential supplier, who was not invited to tender, complained to the Regional Health Authority and a full investigation was conducted. A spokesman recently announced that there was no evidence of crime.
All reasonable care is taken in the compilation of information for this bulletin. However, the Editor and Publisher do not accept responsibility for any claim for damages, consequential loss, or loss of profit, arising from the use of the information.
Elsevier Intemational Bulletins Editorial Office Mayfield House, 256 Banbury Road, Oxford OX2 7DH, England Orders, payments and enquiries to: Elsevier Sequoia S.A., PO Box 851, 1001 Lausanne 1, Switzerland
Elsevier Journal Information Center, 52 Vanderbilt Avenue, New York, NY 10017 Have you ordered your binder? A specially designed binder is available for your personal copies of COMPUTER FRAUD & SECURITY BULLETIN $9.50 £3.50 SFr16.50
COIIPUTBBlrill£lN!ID& SBC1JIlITY B1JLLI!lTII Vol1 No10
Mario Minotti and Mario Poletto were arrested, and warrants are outstanding for three other men, on charges of transmitting false payment orders, using a US bank's confidential telegraphic code. The amount at risk was a mere $44 000 000 and the intention was to pick up the cash in Lugano and Zurich. The fraud was uncovered by investigators looking into another matter.
CITY NATIONAL BANK - MARCH 1979
Michael Joseph Kelley an ex employee of the City National Bank of Beverley Hills, California and his colleague Richard Albert Warren made an unsuccessful attempt to defraud CNB of $1 000 000. On March 13th 1979 they arranged the transfer of $100 000 from a cornmercidl account at CNB to Warren's personal account at the Chase Manhatten Bank New York. Then, flushed with success, they wired a further $500 000 on March 15 and another $500 000 on March 16th. Part of the funds were used to buy diamonds from a New York dealer. The discrepancies came to light on Monday 19th March and the FBI were quick in making the arrests. $825 ooO's of diamonds were recovered. Perhaps, through embarrassment, the bank did not wish to comment, but based on recent cases, it should feel fairly comfortable that the loss came to light so quickly.
REGIONAL HEALTH: NO OBVIOUS SYMPTOMS
On January 16th 1979 a senior official of the Oxford Regional Health Authority was suspended because of impropriety in the ordering of a new computer system. Apparently the order was placed with Digital Equipment Corporation on the basis of a single tender. One other potential supplier, who was not invited to tender, complained to the Regional Health Authority and a full investigation was conducted. A spokesman recently announced that there was no evidence of crime.
All reasonable care is taken in the compilation of information for this bulletin. However, the Editor and Publisher do not accept responsibility for any claim for damages, consequential loss, or loss of profit, arising from the use of the information.
Elsevier Intemational Bulletins Editorial Office Mayfield House, 256 Banbury Road, Oxford OX2 7DH, England Orders, payments and enquiries to: Elsevier Sequoia S.A., PO Box 851, 1001 Lausanne 1, Switzerland
Elsevier Journal Information Center, 52 Vanderbilt Avenue, New York, NY 10017 Have you ordered your binder? A specially designed binder is available for your personal copies of COMPUTER FRAUD & SECURITY BULLETIN $9.50 £3.50 SFr16.50
COIIPUTBBlrill£lN!ID& SBC1JIlITY B1JLLI!lTII Vol1 No10