Suspended sentence for Finn over Malta company scam

A 16-year-old Finn was given a 20 month suspended sentence after he was found guilty of stealing €132,000 from a Malta-based company. The teenager had found a loophole in the online gaming company which he used to transfer money into his bank account.

The Finnish media had reported last month how a youth had found a glitch in the system which would cancel other gambler’s withdrawal requests allowing him to redirect the money to his online wallet.

The boy’s parents were also convicted. His father was convicted of aggravated money laundering and ordered to repay €14,500 that had been transferred to his account, while his mother was convicted of simple money laundering and ordered to repay €2,300 and return a motorcycle worth over €5000 that was obtained using stolen cash.