Mar 25, 2017

RT News | Mar 25, 2017 | $5.4bn mistakenly transferred by German state bank to other financial institutions | State-owned German development bank KfW mistakenly transferred billions of euros to four other banks due to a “configuration mistake” made by an “experienced programmer,” according to media reports.. | Blogger: OMG!..WHAT!.. Is it contagious?? Mistake or intended act? Yet another college internship or piccolo who has no clue of what they are doing? Was it cyber heist? Was it a simply test to make sure that when it all goes collapsing, the elite banks will get their money and run? ... One the BIGGEST scandals in Denmark right now is that part of the 12.3 billion kroner defrauded from the Danish tax authority SKAT has ended up in US pension funds, according to national broadcaster DR Nyheder. The US pension funds were reportedly customers of the now-closed British hedge fund Solo Capital Partners, which was owned by the central suspect in the case, the British businessman Sanjay Shah. Shah, who is currently in Dubai, is suspected of orchestrating the massive fraud, which began in 2012 and continued until last summer according to cph POST Online.. None of the danish ruling tax politicians (existing or former) has been fired or EVEN acknowledge, their bad deeds. None in the Danish tax authority SKAT, who's control system failed, has been indicted, some has however been removed (with billions in severance schemes), only placing a the single black swan, a tax consultant, 67-year-old Sven as key source and fall guy. In the meanwhile, the British businessman Sanjay Shah, who stole the money with the US counterparts, still living in Dubai, has NOT been contacted of ANY government officials or police or indicted into a International Criminal Court.. This is how our perfect financial- and governmental body works and protects the deep state in the defrauded and defaulted US... |

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State-owned German development bank KfW mistakenly transferred billions of euros to four other banks due to a “configuration mistake” made by an “experienced programmer,” according to media reports.

The incident took place in late February, when Kreditanstalt für Wiederaufbau (KfW) erroneously transferred around €5 billion ($5.4 billion) to four other financial institutions, Bloomberg reported.

The bank mistakenly transferred the hefty sum due to a “human error owing to a configuration mistake,” according to a statement from the bank, emailed to Bloomberg. The amount of mistakenly allocated funds might even be as high as €6 billion, according to an unnamed person familiar with the situation, cited by Bloomberg.

“KfW has detected the system’s incorrect behavior very early in the process, immediately mitigated the unwanted action and started the necessary process of analyzing the causes,” the statement reads.

The “configuration error” was made by an “experienced programmer” who worked with the bank’s internal payment software, the Financial Times reported. The mistake resulted in an “automated loop,” which led to four automated payments......[READ MORE]