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Started By
Message
Bank gives woman millions then has her arrested
Posted on 5/5/16 at 9:27 am
Posted on 5/5/16 at 9:27 am
What would you do if the bank accidentally transferred millions into your account?
I'd like to think that I would immediately return the funds. A part of me would also want to put it into some sort of low risk interest bearing account so that I could make a few bucks in the time it takes for the bank to realize their error. Even if you just make 3% off the 3.4M balance you'll earn $102,000.
I believe the recipients should have been arrested for not returning the money once the bank had asked for it.
sorry, couldn't pics of the woman who received the money. Will update OP if I find one.
Mashable
I'd like to think that I would immediately return the funds. A part of me would also want to put it into some sort of low risk interest bearing account so that I could make a few bucks in the time it takes for the bank to realize their error. Even if you just make 3% off the 3.4M balance you'll earn $102,000.
I believe the recipients should have been arrested for not returning the money once the bank had asked for it.
sorry, couldn't pics of the woman who received the money. Will update OP if I find one.
quote:
a 21-year-old woman from Sydney, Australia, who was stopped by Australian Federal Police at the city's international airport Wednesday evening, who was boarding a flight to Malaysia. Police allege the woman was wrongly transferred A$4.6 million (US$3.44 million) to her bank account when she was just a teenager in 2012, and she had failed to return it. A warrant for her arrest was issued in March, following an investigation by Australian police in the state of New South Wales. She was handed over to police and charged with dishonestly obtaining financial advantage by deception, and knowingly dealing with the proceeds of crime. In other words, they allege she has been having a pretty sweet four years.
Mashable
quote:
A similar New Zealand case didn't end so well, which saw a man jailed for four years and seven months after he was mistakenly given a NZ$10 million (US$6.8 million) bank overdraft.
By the time the bank found out about the error, police said Gao and his girlfriend had transferred half the money overseas and left for Hong Kong — where they allegedly went on a gambling spree.
15
Posted on 5/5/16 at 9:30 am to Tigeralum2008
yeah I just think theres zero chance of getting away with it so I take a selfie with my current balance then call the bank
Posted on 5/5/16 at 9:30 am to Tigeralum2008
Posted on 5/5/16 at 9:31 am to Tigeralum2008
If you know the money isn't yours and you spend it then it is theft.
It's pretty simple.
It's pretty simple.
Posted on 5/5/16 at 9:32 am to Tigeralum2008
2012? Who got fired?
Posted on 5/5/16 at 9:32 am to mpar98
quote:
yeah I just think theres zero chance of getting away with it so I take a selfie with my current balance then call the bank
I agree the money must be returned. But are you legally obligated to report it?
I'm not sure how the IRS would classify the $3.44M. Would it be taxable income while you are holding onto it?
If you do not spend a dime but invest it while you have it...is that considered theft?
This post was edited on 5/5/16 at 9:34 am
Posted on 5/5/16 at 9:34 am to SG_Geaux
quote:
If you know the money isn't yours and you spend it then it is theft.
"Spending" could be a loose term. What if you stick it in a high end mutual fund and let it gain value? Then return the original principal?
Posted on 5/5/16 at 9:35 am to Tigeralum2008
quote:
I'd like to think that I would immediately return the funds. A part of me would also want to put it into some sort of low risk interest bearing account so that I could make a few bucks in the time it takes for the bank to realize their error. Even if you just make 3% off the 3.4M balance you'll earn $102,000.
um, no
give the shite back and don't cause a fuss. mistakes happen. people that take advantage of this should be arrested
Posted on 5/5/16 at 9:36 am to Tigeralum2008
quote:
A part of me would also want to put it into some sort of low risk interest bearing account so that I could make a few bucks in the time it takes for the bank to realize their error. Even if you just make 3% off the 3.4M balance you'll earn $102,000.
ohhh I like this...
Posted on 5/5/16 at 9:36 am to SG_Geaux
What if you transferred it to an offshore acct, moved to a country with no extradition and lived a lavish lifestyle until your money ran out and were forced to limp back home and deal with the decisions you have made.
Still theft?
Still theft?
Posted on 5/5/16 at 9:37 am to StrongBackWeakMind
quote:
What if you transferred it to an offshore acct, moved to a country with no extradition and lived a lavish lifestyle until your money ran out and were forced to limp back home and deal with the decisions you have made.
Still theft?
ummm Yes
Posted on 5/5/16 at 9:39 am to Tigeralum2008
Some teenager in Georgia got an errant $30k last year and bought a BMW the next day. LINK
Posted on 5/5/16 at 9:39 am to Tigeralum2008
quote:Tried to flip that shite fast, huh?
A similar New Zealand case didn't end so well, which saw a man jailed for four years and seven months after he was mistakenly given a NZ$10 million (US$6.8 million) bank overdraft.
By the time the bank found out about the error, police said Gao and his girlfriend had transferred half the money overseas and left for Hong Kong — where they allegedly went on a gambling spree.
Posted on 5/5/16 at 9:39 am to Tigeralum2008
Whats the difference between this (investing $ that is not yours) and what hotels do when they take money from you, "for incidentals" and then do not return it for several days after your stay?
You realize what they are doing right? They are using your "deposit" as a short term investment and pocketing millions annually through this scheme.
You realize what they are doing right? They are using your "deposit" as a short term investment and pocketing millions annually through this scheme.
Posted on 5/5/16 at 9:40 am to Tigeralum2008
Happened to my brother a few years ago. Power went out so they had to do things manually. Instead of depositing a check for the balance, they deposited his account number... 853,971,820 That's obviously not his account number, but you get the idea.
He kept the receipt from the ATM and leaves it laying on his car seat when he picks up chicks.
He kept the receipt from the ATM and leaves it laying on his car seat when he picks up chicks.
Posted on 5/5/16 at 9:41 am to Tigeralum2008
quote:Yup. The laws are made in their favor though.
Whats the difference between this (investing $ that is not yours) and what hotels do when they take money from you, "for incidentals" and then do not return it for several days after your stay?
You realize what they are doing right? They are using your "deposit" as a short term investment and pocketing millions annually through this scheme.
Posted on 5/5/16 at 9:42 am to Scooba
quote:
He kept the receipt from the ATM and leaves it laying on his car seat when he picks up chicks.
Posted on 5/5/16 at 9:42 am to Tigeralum2008
quote:
I agree the money must be returned. But are you legally obligated to report it?
The bank may miss it for a few days while things are pending but I doubt it doesn't throw a red flag by the end of the month.
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