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  1. #1
    BadlandsVikings's Avatar
    BadlandsVikings is offline Jersey Retired
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    Bank accidentally gives man $5 million

    NEW YORK - A man was charged with withdrawing $2 million from an account after a bank confused him with a man who has the same name.

    Benjamin Lovell was arraigned Tuesday on grand larceny charges. The 48-year-old salesman said he tried to tell officials at Commerce Bank in December that he did not have a $5 million account. He says he was told it was his and he could withdraw the money...............
    http://news.yahoo.com/s/ap/20080220/ap_on_fe_st/odd_bank_error_arrest;_ylt=At4jL_M8jzs6q6VVm3Cr3lI uQE4F

  2. #2
    VikingMike's Avatar
    VikingMike is offline Jersey Retired
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    Re: Bank accidentally gives man $5 million

    but lost much of it on bad investments
    Read...trips to Atlantic City, Foxwoods, Mohegan Sun, Las Vegas...
    Any man who afflicts the human race with ideas must be prepared to see them misunderstood. - H.L. Mencken

    Come from the land of the ice and snow...

  3. #3
    pack93z's Avatar
    pack93z is offline Team Alumni
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    Re: Bank accidentally gives man $5 million

    Well if the bank insisted that it was "his money"... why not withdraw some.

  4. #4
    funkyasflea's Avatar
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    Re: Bank accidentally gives man $5 million

    Yeah, if they told me I had 5 Mil in my account and it was mine to spend I would do the same thing.
    First of all it is not your fault they did it, then when you tried to tell them it was not yours they told you it was.........Its the banks fault after they did the transaction wrong, THEN told him it was his to spend....

  5. #5
    C Mac D's Avatar
    C Mac D is offline Posting to P'own
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    Re: Bank accidentally gives man $5 million

    "funkyasflea" wrote:
    Yeah, if they told me I had 5 Mil in my account and it was mine to spend I would do the same thing.
    First of all it is not your fault they did it, then when you tried to tell them it was not yours they told you it was.........Its the banks fault after they did the transaction wrong, THEN told him it was his to spend....
    I think the question is whether anyone actually told him "It's your money, go ahead and withdraw it" or if he's just saying that and never reported the $5 million.

    But, Hell yeah... I'd spend it too. It's the Bank's fault.
    Disclaimer: I'm an idiot.

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