Detroit man gambles away $1.5 million accidentally given by ATM | TigerDroppings.com
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Jahel
Member since Nov 2011
5576 posts

Detroit man gambles away $1.5 million accidentally given by ATM

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


Image: http://media.zenfs.com/en/blogs/thesideshow/RonaldPage.jpg



c on z
New Orleans Pelicans Fan
Baton Rouge, La.
Member since Mar 2009
71224 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM


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brucevilanch
Alabama Fan
Fort Worth, Tejas
Member since May 2011
18253 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM


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TigerFred
LSU Fan
Feeding hamsters
Member since Aug 2003
19893 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
100K a month is almost OT baller status.


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southernelite
McNeese State Fan
New Orleans
Member since Sep 2009
42527 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
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,


fouldeliverer
LSU Fan
Lannisport
Member since Nov 2008
10222 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
I always felt that the person shouldn't be liable for this. Banks fault, they should be responsible.


TigersRuleTheEarth
LA-Lafayette Fan
Laffy
Member since Jan 2007
28643 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
15 months for 1.5 million? I think I might take that deal.


Topwater Trout
LSU Fan
Red Stick
Member since Oct 2010
40548 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
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.


TH03
Notre Dame Fan
Member since Dec 2008
101793 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
Only 15 months? Wow. Shoulda kept the money dumbass


TexasTiger1185
LSU Fan
New Orleans
Member since Sep 2011
10186 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
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


TigerFred
LSU Fan
Feeding hamsters
Member since Aug 2003
19893 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
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
12588 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
quote:

There are several people losing jobs over this one,


yup


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TigersRuleTheEarth
LA-Lafayette Fan
Laffy
Member since Jan 2007
28643 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
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.


Lacour
Alabama Fan
Member since Nov 2009
29455 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
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
2285 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
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
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


TigerFred
LSU Fan
Feeding hamsters
Member since Aug 2003
19893 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
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.


Topwater Trout
LSU Fan
Red Stick
Member since Oct 2010
40548 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
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
Miami (FL) Fan
to the west, my soul is bound
Member since Nov 2010
33682 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
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
35847 posts

re: Detroit man gambles away $1.5 million accidentally given by ATM
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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