Holy....Now this is someone addicted to gambling!

Must of been a hell of a glitch to be able to withdraw $312,000 in one day. How many transactions is that in one day and there were no red flags until 17 days later? $1.5 million in 17 days? That is a hell of a lot a trips to the ATM.
 

LHofsdal

Ueber Meister
MM
When I read he took out 312 grand in one day, I was like what the hell? But I am still wondering how he figured out there was a glitch in the system, because most people know that they have a daily limit they can withdraw from you atm card or debit card.
 

max1mike

Dormant account
what an idiot. he had free reign to an ATM, but the dumbass was taking the cash and GAMBLING IT???

why not just keep making withdrawls from the atm till it ran out of cash, and move on to the next one?

stupid assholes. bank of america is a clusterfuck. trust me. I could/should write a book.

he's even stupider than they are.
 
what an idiot. he had free reign to an ATM, but the dumbass was taking the cash and GAMBLING IT???

why not just keep making withdrawls from the atm till it ran out of cash, and move on to the next one?

stupid assholes. bank of america is a clusterfuck. trust me. I could/should write a book.

he's even stupider than they are.
Or withdraw the 1.5 Million and say you lost it gambling while having it stuffed under your mattress waiting on you in 15 months. :D
 

P.V.

Senior Member
webmeister
I guess I am to honest, I would have told the bank there was something wrong with my account. This guy didn't do that and could be going to jail now.




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1.5 million and only 15 months, not bad. He probably won't repay the funds, ever.

My question is how much did he win while gambling, where's the cash? ;)
 

SAunnyS72

On a Break
1.5 million and only 15 months, not bad. He probably won't repay the funds, ever.

My question is how much did he win while gambling, where's the cash? ;)

Very good point... I was thinking the same ... I imagine he probably has got everyone fooled ... What better option than spending 15 months in prison by saying he lost it all in gambling ... Maybe it IS tucked away somewhere ...

.... And after 15 months he will be laughing all the way to the BANK!!!...or not ... Lmao (bad pun) .... Oh I cracked myself up!

:D
 

vinylweatherman

You type well loads
CAG
MM
The judge said he would have got more, but he took into account the incompetence of the bank.

However, what about the bigger picture. What if this had been a different kind of fraud, like a hacker getting hold of his bank details. Banks are supposedly monitoring accounts in order to prevent their customers becoming victims of fraud. Why, therefore, didn't this alarming change from the usual banking activity on that account cause this protection to kick in within HOURS, let alone days.

He could have been even cleverer. He could have claimed his card must have been cloned, and then threatened to sue the bank for allowing the thieves 17 days to withdraw $1.5 Million before they even noticed. Firstly, the bank would have to prove it was him, and if they failed, not only would they not get an order for repayment, they could end up having to pay this guy even MORE money in damages.

15 months is more like the kind of term one would get in the UK, rather than the US.

Technically, surely all he did was use a $1.5 Million overdraft, so he could argue that this is a civil matter between himself and the bank, and it is up to both parties to negotiate a repayment plan for the overdraft, or he could file for bankruptcy.

This is a drop in the ocean compared to the amount bank employees PAID $1.5 million or more a year lost through gambling on the derivatives "casino" on Wall Street. How many of THEM got 15 months for gambling away other people's money.
 

immortality

Senior Member
This ATM glitch happened (if I remember correctly) a few years ago in Belfast, people were queuing up as the machine was giving out double the money that was being requested, it was on the news, I wish I lived near it lol, I don't think there was anything done about who had took money out, as the err was on the machine, also, there was far too many people withdrawing....
 

Reefer

Registered
This reminds me of when the royal bank of scotland near me was giveing £20 for every £10 you withdrew
the guy who filled it had put £20 notes whare the £10 notes should of gone
some guy was in a taxi jumped out to get some cash noticed the mistake told the taxi driver about it the taxi driver got on his radio there was actualy a que at the machine
no one was made to pay back the money but bet the guy lost his job
 

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