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Jahel
Member since Nov 2011
5576 posts
| Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:16 pm)
quote:
Ronald Page seemingly had it made when Bank of America unintentionally changed his account status, allowing the 55-year-old man to make unlimited ATM cash overdraft withdrawals.
But ABC News reports that Page, who in reality had only $300 in his checking account, used the accidental loophole to withdraw more than $1.5 million—losing it all on gambling.
And even worse for Page, the U.S. Attorney's Office in Detroit says he is now facing 15 months in prison after pleading guilty to charges of theft of bank funds, $1,543,104 in total between December 1, 2008 and May 31, 2009.
only 15 months in prison
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c on z 
LSU Fan
Baton Rouge, La.
Member since Mar 2009
47568 posts
 Online
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:17 pm to Jahel)
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brucevilanch 
Alabama Fan
guntersvegas
Member since May 2011
9382 posts
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:18 pm to Jahel)
quote:
shocker...
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TigerFred
LSU Fan
Member since Aug 2003
16373 posts
Online
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:18 pm to Jahel)
100K a month is almost OT baller status.
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southernelite
LSU Fan
Lake Charles
Member since Sep 2009
34003 posts
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:18 pm to Jahel)
So they never noticed that his account was heading towards +1,000,000 in the negative. There are several people losing jobs over this one,
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fouldeliverer
LSU Fan
Lannisport
Member since Nov 2008
8960 posts
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:18 pm to Jahel)
I always felt that the person shouldn't be liable for this. Banks fault, they should be responsible.
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TigersRuleTheEarth 
LA-Lafayette Fan
Laffy
Member since Jan 2007
26745 posts
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:18 pm to Jahel)
15 months for 1.5 million? I think I might take that deal. 
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Topwater Trout
LSU Fan
Red Stick
Member since Oct 2010
25788 posts
Online
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:18 pm to Jahel)
quote:
between December 1, 2008 and May 31, 2009.
That bank is retarded.
He only got 15 months? WTF he will likely only serve 5.
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TH03 
Notre Dame Fan
Barves Fan
Member since Dec 2008
51021 posts
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:18 pm to Jahel)
Only 15 months? Wow. Shoulda kept the money dumbass
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TexasTiger1185
LSU Fan
New Orleans
Member since Sep 2011
6649 posts
Online
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:19 pm to Jahel)
I think this is a BS law. I understand 1.5 mil is outragous and this guy knew better BUT this is the banks fault. It isn't like this guy went out of his way to steal money, it was given to him.
1.5 mil comes my way and I'm taking it and boarding a plane out of the country ASAP.
Also Bank of America sucks
ETA: I'm wrong about the law being stupid. But BoA still sucks
This post was edited on 6/19 at 4:36 pm
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TigerFred
LSU Fan
Member since Aug 2003
16373 posts
Online
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:19 pm to fouldeliverer)
quote:
I always felt that the person shouldn't be liable for this. Banks fault, they should be responsible.
Yeah sure.
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Wooly 
Washington Fan
Member since Feb 2012
11261 posts
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:19 pm to southernelite)
quote:
There are several people losing jobs over this one,
yup
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TigersRuleTheEarth
LA-Lafayette Fan
Laffy
Member since Jan 2007
26745 posts
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:20 pm to Topwater Trout)
quote:
He only got 15 months? WTF he will likely only serve 5.
Probably. That's 300 K per month. I'd DEFINITELY take that deal.
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Lacour
Member since Nov 2009
27807 posts
Online
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:20 pm to Jahel)
quote:
to charges of theft of bank funds, $1,543,104 in total between December 1, 2008 and May 31, 2009.
It took the bank six months to realize their error?
Damn, remind me not to put my money there.
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LSUChamp06
LSU Fan
Lafayette
Member since Nov 2007
1425 posts
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:20 pm to TH03)
Bank error in your favor, serve 15 months in jail.
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dedfella
Alabama Fan
Ms
Member since Aug 2011
3953 posts
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:21 pm to Jahel)
I would think he has some of it stashed and will at least have a bit of folding money when he gets out of jail
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TigerFred
LSU Fan
Member since Aug 2003
16373 posts
Online
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:21 pm to TexasTiger1185)
quote:
It isn't like this guy went out of his way to steal money, it was given to him.
He stole it.
If he walked into the bank and a teller put $1,000 on the counter and he walked out the bank with the money it is stealing. This is the same thing.
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Topwater Trout
LSU Fan
Red Stick
Member since Oct 2010
25788 posts
Online
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:22 pm to TigersRuleTheEarth)
quote:
That's 300 K per month. I'd DEFINITELY take that deal.
Hell yeh. I wonder if he had been an upper middle class white guy if he would have recieved more time?
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Flair Chops .gif)
Miami (FL) Fan
purgatory
Member since Nov 2010
29989 posts
Online
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:22 pm to fouldeliverer)
quote:
I always felt that the person shouldn't be liable for this. Banks fault, they should be responsible.
just like in monopoly
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CarRamrod 
USA Fan
Spurbury, VT
Member since Dec 2006
31417 posts
| re: Detroit man gambles away $1.5 million accidentally given by ATM (Posted on 6/19/12 at 4:23 pm to TexasTiger1185)
quote:
It isn't like this guy went out of his way to steal money, it was given to him.
do you know how many atm trips he had to have to get 1.5 million.
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