Reply to post: Re: "largest penalty to date"

Software bug costs Citigroup $7m after legit transactions mistaken for test data for 15 years

Anonymous Coward
Anonymous Coward

Re: "largest penalty to date"

"How much do you guys want to bet that someone or some group within the company made more than 7 million bucks out of this?"

I wouldn't bet much at all. These were just normal transactions that due to a bug didn't get included. There is no reason to think any of them were suspicious or the bank made any extra money out of not forwarding them to the SEC. I know the banks are hardly shiny white , but in this case it clearly looks like cock up , not corruption.

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