Reply to post: Fess up or keep Schtumm

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

imanidiot Silver badge

Fess up or keep Schtumm

What would have happened if Citibank just never bothered to report this error? Given the omission of the data was not noticed from either side for 15 years, would SEC have ever noticed? I presume Citibank could save themselves 15 million.

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