Gone in 60 Seconds

Gone in 60 Seconds was a fraud scheme uncovered in 2012 involving the theft of over $1 million from Citibank using cash advance kiosks at casinos located in Southern California and Nevada. Working scheme Ara Keshishyan and accomplices opened CitiBank checking accounts, funding them with an initial balance. The group then traveled to various casinos and all made large withdrawals from bank kiosks simultaneously, exploiting a glitch that allowed them access to multiple times the funds of their initial balance. After garnering a sizable sum of money, allegedly illegally, from cash-advance kiosks, the suspects went on gambling sprees at casinos. Some casinos gave them free rooms after mistaking them for people who spent a lot of money legitimately. The gang reportedly also kept each individual withdrawal below $10,000, which is the threshold at which casinos must report the transaction to federal authorities. When Citibank noticed the discrepancies, it alerted the authorities, leading to an FBI-led investigation that resulted in the arrest of the suspects in a series of raids in southern California.