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Man spends money after bank error deposits $69,300 in his account, now in trouble with law...

 
simplestoner
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User ID: 2511600
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05/26/2012 09:42 PM
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Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
[link to abcnews.go.com]

I'd spend it too! Especially funds from the "Too Big To Fail" bastards.
Anonymous Coward
User ID: 16734932
United Kingdom
05/26/2012 09:44 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
so would i , fuck them ... i would hang the lot
Doomalicious

User ID: 1376927
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05/26/2012 09:50 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
He should've went to Atlantic City and bet half on black.
SMILE...you're not as stupid as they think you are!

"Once a government is committed to the principal of silencing the voice of opposition, it has only one way to go and that is down the path of increasingly repressive measures, until it becomes a source of terror to all its citizens and creates a country where everyone lives in terror" - Harry S Truman

"The single most inspiring source for us is the human struggle." Jared Leto

“Money, without brains, always is dangerous. Properly used, it is the most important essential of civilization.” - Napoleon Hill

“Failures see the hole in the donut, but do not see the donut around the hole.” - Napoleon Hill

“One of the great mistakes is to judge policies and programs by their intentions rather than their results.” ― Milton Friedman

Every man has a right to utter what he thinks is truth, and every other man has a right to knock him down for it. - Samuel Johnson
Anonymous Coward
User ID: 7104928
United States
05/26/2012 09:50 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
Interesting he should get into trouble since banks claim they never make mistakes.

I know a man who took a check in to be cashed at the bank. He used the drive thru. The bank not only cashed his check but they put the check in the packet with the cash and he got it back. Being honest, he went back in and told the manager. The manager said, "we don't make mistakes", despite his protestations to the contrary. Since the bank was adamant, he cashed the check a second time.
Anonymous Coward
User ID: 16304976
United States
05/26/2012 09:53 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
BoA once put 200 extra dollars in my bank for no reason, I waited for about a month and it was taken back out. Moral of the story, don't spend money you know isn't yours.
Anonymous Coward
User ID: 16734932
United Kingdom
05/26/2012 09:54 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
BoA once put 200 extra dollars in my bank for no reason, I waited for about a month and it was taken back out. Moral of the story, don't spend money you know isn't yours.
 Quoting: Anonymous Coward 16304976


are you are robot ..
Anonymous Coward
User ID: 11330901
United States
05/26/2012 09:56 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
BoA once put 200 extra dollars in my bank for no reason, I waited for about a month and it was taken back out. Moral of the story, don't spend money you know isn't yours.
 Quoting: Anonymous Coward 16304976


are you are robot ..
 Quoting: Anonymous Coward 16734932


He makes a good point. If it's clearly an error in your favor, it's only a matter of time before they find out.
Anonymous Coward
User ID: 16090156
United States
05/26/2012 10:06 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
That's why you don't spend money that doesn't belong to you. Its one thing if its just a small error that you may not notice, but when its 2000 times your actual balance, its kinda fucking obvious that something ain't right.
Anonymous Coward
User ID: 16550399
United States
05/26/2012 10:25 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
happened to me once, wells fargo too.... I had about 2100 that I didn't put in there. In a couple of days it came out of the account.

I considered spending it, but it was obvious that it wasn't mine and that since everything is electronic, it would be figured out.
Anonymous Coward
User ID: 16733491
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05/26/2012 10:28 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
Tell him to go to the Discount Window down at the NY Fed, and get a loan for 0.00000001 %
Anonymous Coward
User ID: 1370297
United States
05/26/2012 10:31 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
happens all the time... my sister had $15,000 deposited to her account. It took almost a month before they took it back
Anonymous Coward
User ID: 7976121
United States
05/26/2012 10:33 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
BoA once put 200 extra dollars in my bank for no reason, I waited for about a month and it was taken back out. Moral of the story, don't spend money you know isn't yours.
 Quoting: Anonymous Coward 16304976


are you are robot ..
 Quoting: Anonymous Coward 16734932


No, sounds like he's a decent human being with morals. Don't be a thief, even if you are stilling from the rich to give to the poor.
Scuba7

User ID: 16648203
Australia
05/26/2012 10:37 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
The manager said, "we don't make mistakes", despite his protestations to the contrary. Since the bank was adamant, he cashed the check a second time.
 Quoting: Anonymous Coward 7104928


banana2
Do not take memories of what happened yesterday, into what might happen today.

When love is your greatest weakness, you will be the strongest person in the world.
Anonymous Coward
User ID: 15903829
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05/26/2012 10:39 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
[link to abcnews.go.com]

I'd spend it too! Especially funds from the "Too Big To Fail" bastards.
 Quoting: simplestoner



Apparently the guy's not named Jon Corzine...



Meanwhile little tiny $69k mistake will destroy the dumbfuck plebian.

It's all gone to hell. Let the destruction begin.
Anonymous Coward
User ID: 15396650
United States
05/26/2012 10:47 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
"He was charged him with theft of property lost and receiving stolen property, both third-degree felonies. He faces a possible seven- to 14-year jail sentence."

^^^^^^This is BULLSHIT

why? because he didnt fucking steal anything. it was in his account and he used it. fuck the bank. they should pay for their own mistakes. and receiving stolen property? how? did the bank steal it and give it to him? if so then that would make sense

im very conflicted about this because im very honest and DO NOT STEAL UNDER ANY CIRCUMSTANCE

ive had numerous occassions where im at an airport or something and someone drops some nice sunglasses. i notice everyone behind him just stepping over them and not saying anything so i run over to get them to him. but by then they are in a hurry and i couldnt find them. so i got a pair of sunglasses without stealing. no harm done

thats what this guy did. god saw that he deserved a nice gift and knew he would not abuse it and so he got lucky. he used it to pay his families bills and didnt even steal it from anyone. last i checked inaction was not a crime.

so let the bank pay for it. or the employee. thats how it works in most businesses
Anonymous Coward
User ID: 15722293
United States
05/26/2012 10:54 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
After I resigned from the Air Force, they continued putting $100 per month in my account - direct deposit - for my contracted pre-commission stipend. I never noticed it except one month I could swear there was $100 more than I calculated. Back then nobody used online banking so it was not quick or easy to investigate. I did not investigate.

After maybe 2 YEARS, I got a letter stating that the DoD had given me $700 for which I was not eligible. NEWS TO ME!

It has been 12 years and I have still not paid them back, but I bet that is the reason my life suks, lol.

The Department of Defense is PISSED at me :P
Anonymous Coward
User ID: 15722293
United States
05/26/2012 10:57 PM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
This bank thing... ironically, if he read the bank contract that he signed to open the account it could go either way. That contract states that anything you deposit becomes property of the bank.

I don't know what it says about money they put in your account out of thin air. Prolly something about mistakes being de facto felonies against the "customer."

I would have withdrawn every penny and moved to Venezuela and changed my name.
Doomalicious

User ID: 1376927
United States
05/27/2012 12:33 AM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
After I resigned from the Air Force, they continued putting $100 per month in my account - direct deposit - for my contracted pre-commission stipend. I never noticed it except one month I could swear there was $100 more than I calculated. Back then nobody used online banking so it was not quick or easy to investigate. I did not investigate.

After maybe 2 YEARS, I got a letter stating that the DoD had given me $700 for which I was not eligible. NEWS TO ME!

It has been 12 years and I have still not paid them back, but I bet that is the reason my life suks, lol.

The Department of Defense is PISSED at me :P
 Quoting: Anonymous Coward 15722293


Guess you get to ride first class on the FEMA Express neener
SMILE...you're not as stupid as they think you are!

"Once a government is committed to the principal of silencing the voice of opposition, it has only one way to go and that is down the path of increasingly repressive measures, until it becomes a source of terror to all its citizens and creates a country where everyone lives in terror" - Harry S Truman

"The single most inspiring source for us is the human struggle." Jared Leto

“Money, without brains, always is dangerous. Properly used, it is the most important essential of civilization.” - Napoleon Hill

“Failures see the hole in the donut, but do not see the donut around the hole.” - Napoleon Hill

“One of the great mistakes is to judge policies and programs by their intentions rather than their results.” ― Milton Friedman

Every man has a right to utter what he thinks is truth, and every other man has a right to knock him down for it. - Samuel Johnson
Anonymous Coward
User ID: 3586871
United States
05/27/2012 12:45 AM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
happened to me once, wells fargo too.... I had about 2100 that I didn't put in there. In a couple of days it came out of the account.

I considered spending it, but it was obvious that it wasn't mine and that since everything is electronic, it would be figured out.
 Quoting: Anonymous Coward 16550399


I opened two savings accounts at WF for my kids in the 80's, both with $50. Never did much with either one. One month one of them show a transfer in of hundreds of thousands of dollars then a few days later it was transferred out. Funny thing is it accrued a couple hundred dollars of interest which they never took out.

BTW, I think the rules are that if the bank makes an error in their favor you have something like 30 days to correct it or you lose it. I wonder if the same thing applies in the other direction? You could wait 30 days then transfer it out to another bank.
Anonymous Coward
User ID: 16742575
United States
05/27/2012 12:52 AM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
I would of moved out of country...and spent it..
Anonymous Coward
User ID: 4227306
United States
05/27/2012 12:53 AM
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Re: Man spends money after bank error deposits $69,300 in his account, now in trouble with law...
BoA once put 200 extra dollars in my bank for no reason, I waited for about a month and it was taken back out. Moral of the story, don't spend money you know isn't yours.
 Quoting: Anonymous Coward 16304976


Dude. Dump BoA Go with a 'community credit union' I did. Never been happier. They wont nickel & Dime you. And everything's free. (No account maintenance fee every month)

Not only that. I dont want the fat cat's touching my money anymore.





GLP