In Bangladesh Cyberheist, Strange Requests, Odd Misspellings and Little Scrutiny by Fed

Details of payment orders shed more light on a caper that has harmed New York Fed’s reputation and exposed gaps in how money moves around world

One order seeking money from Bangladesh’s account at the Federal Reserve Bank of New York wanted $20 million for vaguely defined consulting fees. A second sought $30 million for “ineligible expenses.”

A large number of others requested tens of millions of dollars be sent to a handful of men in the Philippines, for uses including tuition, forest conservation, subscriptions and entry-level military training.