Man with $300 in bank withdraws $1.5 million. Due to bank error.

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Detroit man gambles away $1.5 million accidentally given by ATM
By Eric Pfeiffer, Yahoo! News

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.

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Some IT guy working for Bank of America is going to get his nads fried for this one. :lol:

 
Mr. Page should approach Congress for a bailout.

Oh - wait. Only the banks get bailed out when they gamble and lose money. Mr. Page will be going to jail. My bad.

 
I think it is funny.. He thought "I can take out as much as I want, and i know I will have to give it back.. might as well try and gamble it and make more money"

Sort of genius except for the fact he is an idiot and it would never work... o so completely stupid.

 
Seems like the casino is slightly culpable in this. If the guy has a gambling addiction it probly wasn't the first time he was in the place. And I'm sure they'd take notice of someone who loses a third of a million dollars in one night.

The thing that sucks is that BofA will just pass that loss on to me and all of their other customers. Dohh!

 
There have been times where I ahve seen things like this happen since I've been working at a bank for the last 5 years. Usually we notice it right away if something has been changed on our end accidnetally. There have been cases where a customer has made an empty envelope deposit into an ATM for a large amount and spends it all right away. But the bad news for them is, we have cameras at ATM's, and our account program shows when, and where purchases have been made since about 2 years ago.

 
I knew a guy who had about $30,000 deposited in his account by mistake. He notified the bank, not once, not twice, but 3 times and even escalated it up the chain of command but every step of the way they told him they had not made a mistake and he didn't know what he was talking about. He withdrew all his (er someones) money and closed his account. As far as I know they never did catch up with it.

 
aspeedlin4589 said:
There have been times where I ahve seen things like this happen since I've been working at a bank for the last 5 years. Usually we notice it right away if something has been changed on our end accidnetally. There have been cases where a customer has made an empty envelope deposit into an ATM for a large amount and spends it all right away. But the bad news for them is, we have cameras at ATM's, and our account program shows when, and where purchases have been made since about 2 years ago.
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Tell me more about your bank's security measures and then its location buddy :devil

 
But he looked so intelligent in the mugshot? Apparently stupid people don't realize that there are cameras attatched to ATMs, as well as a record of your transaction and time of transaction? Just another criminal that got lucky for a few minutes.

 
PaulCrewe said:
aspeedlin4589 said:
There have been times where I ahve seen things like this happen since I've been working at a bank for the last 5 years. Usually we notice it right away if something has been changed on our end accidnetally. There have been cases where a customer has made an empty envelope deposit into an ATM for a large amount and spends it all right away. But the bad news for them is, we have cameras at ATM's, and our account program shows when, and where purchases have been made since about 2 years ago.
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Tell me more about your bank's security measures and then its location buddy :devil
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Only if we can split the profits.

 
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