Saturday, January 2, 2010

Teen Charged With Scamming Suncorp Worth of $2 Million

BRISBANE, Australia, Jan. 2 -- An18-year-old Australian college student allegedly overcame online bank security to wire himself $1.8 million from Queensland's biggest bank, authorities said.

Philip Heggie, a business major at Queensland University, appeared in court on New Year's Day charged with fraud and attempted fraud, the Brisbane Courier Mail reported.

Heggie allegedly engineered an online transfer of money from an internal business account at Suncorp Bank into an account he opened under a false name, the newspaper said.

He was arrested when he showed up at a branch of the bank and tried to withdraw $5,000 from the false account, police said.

After being charged, Heggie was released on bail with a full-time curfew condition that he not leave home except when accompanied by his father, the Courier Mail said.

"He needs to have his wings clipped," Magistrate Pam Dowse said. She also banned Heggie from accessing the Internet.

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