Masterminding the largest lottery scam in American history

Re:Masterminding the largest lottery scam in American history by ASalazarMX on Friday May 04, 2018 @12:48PM (#16996012)

This reminded of a famous fraud in the Mexican Lottery. It was low-tech, basically the company that transmits the draw managed to record it minutes before, tell insiders the numbers and later transmit the video as if it was real-time. $12 million USD were stolen, only $8 million were recovered.

The lotteries here (besides the statistical argument) are not trustworthy. I urge people who buy tickets to save their money, but the dream of getting rich instantly is too alluring.

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Re:Masterminding the largest lottery scam in American history by gruez on Friday May 04, 2018 @02:55PM (#16997241)

>$12 million USD were stolen, only $8 million were recovered

>only $8 million

isn't a 75% recovery rate pretty good for cases like this?

edit: 67%

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Re:Masterminding the largest lottery scam in American history by ouid on Friday May 04, 2018 @03:34PM (#16997527)

maybe, but 8/12 isn't 75%

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Re:Masterminding the largest lottery scam in American history by gruez on Friday May 04, 2018 @03:53PM (#16997694)

thanks, updated.

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Re:Masterminding the largest lottery scam in American history by DrScump on Saturday May 05, 2018 @03:03AM (#17000735)

"It was low-tech, basically the company that transmits the draw managed to record it minutes before, tell insiders the numbers and later transmit the video as if it was real-time."

Not unlike the premise of the film, "The Sting".

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Re:Masterminding the largest lottery scam in American history by vinchuco on Friday May 04, 2018 @04:25PM (#16997985)

https://en.wikipedia.org/wiki/Race_condition

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