This tells the whole story - taken from a Hoax site.

Hoaxes - 90# Warning

January 1998

This warning is basically true for some but not all phone systems. Some PBX
systems transfer a call to an outside, long
distance operator when you type 90# giving the caller an outside line on your
dime. It works if your phone system
requires you to dial 9 to get an outside line, 0 to get an operator and # to
transfer the incoming call to the line you have
just dialed. Few home phones require you to dial 9 to get an outside line so
dialing 90# will only get you a busy signal. As
this is one of thousands of potential scams, sending out a message to everyone
you know probably does more damage
than the scam being warned about.

The hoax reads:

  On Saturday, 24 January 1998, Naval Air Station, Joint Reserve Base,
  New Orleans' Quarterdeck received a telephone call from an individual
  identifying himself as an AT&T Service Technician that was running
  a test on our telephone lines. He stated that to complete the test the
  QMOW should touch nine (9), zero (0), pound sign (#) and hang up. Luckily,
  the QMOW was suspicious and refused. Upon contacting the telephone company
  we were informed that by using 90# you end up giving the individual that
  called you access to your telephone line and allows them to place a long
  distance telephone call, with the charge appearing on your telephone
  [bill]. We were further informed that this scam has been originating
  from many of the local jails/prisons. Please 'pass the word.'"
--
Brian Wade
 Personal Computer Concepts
 Uniform Time
PO Box 114 INDOOROOPILLY QLD 4068
Ph: 07 3371 2944  Fax: 07 3870 4103

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