May 27, 2008
Man Allegedly Bilks E-trade, Schwab of $50,000 by Collecting Lots of Free 'Micro-Deposits'

Michael: “It’s pretty brilliant. What it does is, every time there’s a bank transaction where interest is computed, you know, thousands a day, the computer ends up with these fractions of acent, which it usually rounds off. What this does is, it takes those little remainders and puts it into an account.”


Peter: “This sounds familiar.”


Michael: “Yeah, they did it in Superman III.”