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Bank accidentally puts $120,000 in couple’s account. They were arrested after spending it.

gliddenralston

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#1
Imagine waking up one day to find an extra $120,000 in your bank account. You did not make $120,000 or win $120,000, but there it is, $120,000, just sitting there. Cool!

What would you do with all that cash? Pay off the mountain of student loans you’d otherwise be stuck with until you die? Buy a house? Buy a car? Buy this weird-looking rich-people furniture?
Maybe you should call the bank and find out what’s going on?
Robert and Tiffany Williams of Montoursville, Pa., did not call the bank, police say.
When a non-hypothetical $120,000 intended for a business was accidentally transferred into their BB&T bank account because of a teller error, the couple splurged on a camper, a Chevy and a racecar, state trooper Aaron Brown told the Williamsport Sun-Gazette. Authorities say they also distributed $15,000 to friends who needed the money.
All told, they spent $100,000 in about 2½ weeks, WNEP reported.
Eventually, though, the bank contacted them on or around June 20 after sending the money to the correct account. The bank notified Tiffany Williams, 35, that they were responsible for returning all the funds, Brown told the Sun-Gazette. He added that the withdrawal resulted in a $107,416 overdraft because the couple’s bank account had only $1,121 in it before the accidental windfall.
BB&T Bank did not immediately respond to a request for comment.
Tiffany first assured the bank she would work out a repayment plan with her husband, but she eventually ceased communications, WNEP reported.
“That is kind of shocking, with all the procedures the banks have set up, checking and double-checking and triple-checking, there’s no
no way anybody gets away with that stuff,” Nate Weaver, a neighbor of the Williamses, told WNEP.
The Sun-Gazette reported that the couple, in separate interrogations, told police that they “admitted to knowing the mislaid money did not belong to them, but they spent it anyway.”
The Williamses could not be reached immediately, and it was unclear whether they had retained legal counsel.
The couple now face three felony charges of theft and receiving stolen property, court records show. They appeared in court last week and posted bail of $25,000 each.



http://www.msn.com/en-us/news/crime...-spending-it-police-say/ar-AAGZtKr?ocid=ientp






 

gliddenralston

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#4
I wonder how the friends fared with their 15k?
 

Silver

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#5
Good luck paying it back on prison wages. Did they really think they would get away with it?
 

keef

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#7
What, no hookers? No blow? No metals?
No shit, camper and a race car??? kids these days, what a waste.

They could have moved to some third world location with no extradition laws and lived it up like royalty.
 

Mujahideen

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#8
Is that even a crime? How can you steal something out of your own personal banking account?
 

the_shootist

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#9
Is that even a crime? How can you steal something out of your own personal banking account?
Would you know if an extra $120K showed up in your checking account one day? While the checking account might be yours, the extra scratch that all of a sudden shows up unexpected and unannounced isn't! If you spend it you can reasonably expect the bank to hunt you down like a dog then sic the cops on you!
 

keef

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#10
Is that even a crime? How can you steal something out of your own personal banking account?
No crime.


When the bank says you have $120,000 in your account and the ATM agrees, you got it.

Bank trying to shift blame for their error.

Just call it a loan and let the couple make payments.
 

<SLV>

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#11
Where did they each get the $25k to post bail?
 

Usury

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#13
No crime.


When the bank says you have $120,000 in your account and the ATM agrees, you got it.

Bank trying to shift blame for their error.

Just call it a loan and let the couple make payments.
They probably would have done so but the article implies that they stopped talking to the bank about a solution.
 

nickndfl

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#14
Would you know if an extra $120K showed up in your checking account one day? While the checking account might be yours, the extra scratch that all of a sudden shows up unexpected and unannounced isn't! If you spend it you can reasonably expect the bank to hunt you down like a dog then sic the cops on you!
That's right, how would you know? To some of the high rollers at GIM $120k is only a rounding error.
 

ErrosionOfAccord

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#16
Call the bank, tell them they’ve made an egregious mistake but you won’t call the local news if there is a 10% reward. Probably would have netted them more. These people are idiots.
 

the_shootist

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#17
That's right, how would you know? To some of the high rollers at GIM $120k is only a rounding error.
If a $125K deposit hit my bank account I'd know it! I can't speak for others here.
 

#48Fan

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#18
Sounds like a nice gift from said bank to me. Or maybe just a donation.
 

Fatrat

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#20
Knuckleheads may do time over this...
 

Rip Van Winkle

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#21
Calling the bank and asking for a reward send like the best plan of attack. All you have to do is Google former stories of the same thing happening to others, spending it always ends up going to jail
 

pitw

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#23
It's not your account. It's the bank's.
So if you went in for cash and they accidentally gave you the money, could ya run with it?
 

Scorpio

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#24
It's not your account. It's the bank's.
kinda think as you do that they have this covered in the paperwork when opening any account,
I find it really hard to believe it took 2.5 weeks to figure it out if the propaganda piece is right about that
 

hoarder

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#25
Good luck paying it back on prison wages. Did they really think they would get away with it?
Is that even a crime? How can you steal something out of your own personal banking account?
These people are not fools, they just weren't GIM2 members. If they were, they would have understood that all laws are written in favor of the bankers.
 

AgBar

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#26
So if you went in for cash and they accidentally gave you the money, could ya run with it?
I was being somewhat snarky in my post. But I bet you would still be in a heap of legal trouble. After all, you're just an unsecured creditor to them. They're not obligated to give you money even if you have the balance.

As Scorp said: fine print.
 

the_shootist

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#27

gliddenralston

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#29
If Amazon delivers a package to you by mistake, I believe you can keep it...banks must be different. Obviously they knew it wasn't theirs, who blows 100k in 2 weeks...with a little help from their friends. Did the friends commit a crime?. At least they got 2 weeks of camping and racing...I wonder how much they'll still own after they fire sale the loot they bought.
 

Cigarlover

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#30
Like the bank can't just go poof and create another 120k out of thin air anyway. Banks could do that to every person on the planet and as long as they aren't doing cash withdrawals the worlds economies would be on fire for a short time.

Speaking of missing money though, after the bankers paid back that 700 billion we lent them with interest I cant seem top find any accounting of that being paid down on our debt anywhere. That money may have gone missing. Can someone look into that at the government please.
 

hammerhead

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#31
Like the bank can't just go poof and create another 120k out of thin air anyway. Banks could do that to every person on the planet and as long as they aren't doing cash withdrawals the worlds economies would be on fire for a short time.

Speaking of missing money though, after the bankers paid back that 700 billion we lent them with interest I cant seem top find any accounting of that being paid down on our debt anywhere. That money may have gone missing. Can someone look into that at the government please.
You will find it next to the pentagon funding.
 

Thecrensh

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#32
No crime.


When the bank says you have $120,000 in your account and the ATM agrees, you got it.

Bank trying to shift blame for their error.

Just call it a loan and let the couple make payments.
Aint that the truth. If I make an error and overdraw my account, the bank charges me fines. If they over deposit into my account, they send me to jail...something ain't right there.
 

gliddenralston

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#33
The bank & the business should take some responsibility...if I deposited 120k in my account and it wasn't deposited, I'd be at that bank the next day saying where's my money...then the couple wouldn't have had time to spend it.
 

Strawboss

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#34
If you "steal" something that was conjured out of "thin air" - is that theft?

How exactly does that work?

How can you steal something that isnt real to begin with?

So the bank made a mistake by adding the fictitious money to their account. A benign mistake. The couple spent the fictitious money. A criminal mistake. See the difference?
 

Buck

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#35
It Ain't Yours, It Ain't Yours, miss-use something that isn't yours, pay the price

Now that we've got that figured out...what to do with the Politicians?
 

gliddenralston

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#36
If you "steal" something that was conjured out of "thin air" - is that theft?

How exactly does that work?

How can you steal something that isnt real to begin with?

So the bank made a mistake by adding the fictitious money to their account. A benign mistake. The couple spent the fictitious money. A criminal mistake. See the difference?
This was a business making a deposit that went to the wrong account. Apparently spending fake money that's not yours is a crime.
 
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Joe King

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#37
Banks could do that to every person on the planet and as long as they aren't doing cash withdrawals the worlds economies would be on fire for a short time.
That would be highly inflationary

Speaking of missing money though, after the bankers paid back that 700 billion we lent them with interest I cant seem top find any accounting of that being paid down on our debt anywhere.
It went back into the ether from where it was conjured up from to begin with.
Ie: it was extinguished.

Aint that the truth. If I make an error and overdraw my account, the bank charges me fines. If they over deposit into my account, they send me to jail...something ain't right there.
They won't go to jail because of the bank's mistake of depositing the money, but rather their spending of it.
 

gliddenralston

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#38
If the bank hadn't made this mistake these two law abiding citizens wouldn't have become criminals... I'd plead temporary insanity!!
 

Agavegirl1

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#40
My bank accidently keyed a deposit for over $200,000 when it was actually $2000+. I called them and they let me keep the one day of interest.