In a nutshell: a guy had setup a corporate bank account, which at this particular bank enabled him to use a "nightly dropbox" in which you declare amount of money, then put it in a bag and put it in the dropbox. These bags are not scanned before your account is credited (I know, it's insane), so guy just withdrawed the money and dissapeared.
>"These bags are not scanned before your account is credited (I know, it's insane)"
It's not insane, it's incredibly efficient. Our whole "system" operates on trust. You can certainly find holes in the system if you so choose.
But don't kid yourself: these losses are built into the profit expectations of banks. And they'll try to catch you. If you want to be on the lam for the rest of your life for a million Euros, have fun.
