Collected research
Collecting Lots of Free 'Micro-Deposits'
Man Allegedly Bilks E-trade, Schwab of $50,000 by Collecting Lots of Free 'Micro-Deposits'
Threat Level report on Michael Largent, indicted for scripting 58,000 brokerage accounts at E-trade and Schwab under cartoon-character names, then harvesting the two-cent-to-one-dollar micro-deposits both firms send to verify a linked bank account. Around $50,000 in six months, plus $8,225 from Google Checkout, until Patriot Act identity checks flagged the accounts.
Record
- Document
- Man Allegedly Bilks E-trade, Schwab of $50,000 by Collecting Lots of Free 'Micro-Deposits'
- Researcher
- Kevin Poulsen
- Published by
- blog.wired.com
- Topic
- Other
In the archive
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This page is the archive's own catalogue record. The research is the work of Kevin Poulsen, first published at the original source. Preserved copies are kept so the citation survives its host; this one was last captured on .