Bank glitch gives man 1.5 million, and the stupid f**k gambled it all away!

2011nfl · Jun 20, 2012

I can't believe what I just read! How the hell are you gonna get a free 1.5 mill, and just gamble it away like its 1.5 k??? Stupid! I would've invested it, and made a couple hundred thousand profit within a couple of months, then return the money to stay out of trouble. Now he faces 15 months in prison, and has nothing to show for it. Read the story here

PartyNeon · Jun 20, 2012

Its amazing on what people do... Think of all the websites you could build with 1.5 million! Haha

metalan1 · Jun 20, 2012

What was he going to do with it, keep it? They would have never let him keep it. This was actually the best possible thing he could do with it, cause if he won some outrageous amount, there is a possibility he could have kept the some of it.

Sandeep-Dahiya · Jun 20, 2012

Universe is full of Surprises.

krzysiekz · Jun 20, 2012

metalan1 said:
What was he going to do with it, keep it? They would have never let him keep it. This was actually the best possible thing he could do with it, cause if he won some outrageous amount, there is a possibility he could have kept the some of it.

Sorry, no. I guarantee you are on the wrong forum if you think gambling is the BEST thing he could have done in this scenario.

2011nfl · Jun 20, 2012

metalan1 said:
What was he going to do with it, keep it? They would have never let him keep it. This was actually the best possible thing he could do with it, cause if he won some outrageous amount, there is a possibility he could have kept the some of it.

It took them 4 months from when he first took the money to file charges. Within 4 months he could've at least made a quarter million profit, then turn the original 1.5 mill back in, and keep flipping the quarter mill for more profit.

Chris7up · Jun 20, 2012

Could have made that 1.5mil into 10mil+

But let's say he kept the money and got caught, couldn't he just hide it some where? Gold Bars? Haha

Tsmash · Jun 20, 2012

woahhh. He could have moved to the Philippines and retired.

Moto801 · Jun 20, 2012

2011nfl said:
It took them 4 months from when he first took the money to file charges. Within 4 months he could've at least made a quarter million profit, then turn the original 1.5 mill back in, and keep flipping the quarter mill for more profit.

Yes but how would he explain or claim his new found profits? That would be like making a couple hundred thousand profit off of drug money investments.. the IRS is going to wonder where the initial investment came from.

What I mean is even if he invested the money and made profit, he would still be facing charges unless he hid everything very very well but still how do explain withdrawing 1.5M and then giving it back?

truitt661 · Jun 20, 2012

I just read this and this muthafucker decided to gamble it away.SMH!!!

Chris7up · Jun 20, 2012

Yeah of course he would. His bad judgement on how he handled the situation. If you rob a bank for 1 million dollars and invest and make 10 million and give the bank 2 million back you will still face charges. The method on how he received the funds is what he's being charged for. He's lucky only 15 months, but it's not like he physically robbed the bank, Bank of America had some fault too, so he got lucky.

lanbo · Jun 20, 2012

................. Yolo

Moto801 · Jun 20, 2012

I just wonder how he was able to take out over $300,000 in one day from the atm? Doesn't BOA have a daily ATM withdraw limit?

Whateverest · Jun 20, 2012

tsmash said:
woahhh. He could have moved to the Philippines and retired.

Yes! And snuff cocaine on transexual boobs for a couple of years. It's blackhat right?

Tsmash · Jun 20, 2012

Moto801 said:
I just wonder how he was able to take out over $300,000 in one day from the atm? Doesn't BOA have a daily ATM withdraw limit?

That's where the glitch came in.

Moto801 · Jun 20, 2012

tsmash said:
That's where the glitch came in.

I thought the glitch was adding $1.5M to his account

jkwak · Jun 20, 2012

Regular ATM's don't allow it but I think that's why he went to the casino ATM's to withdrawal because they allow much larger limits. So maybe he had a plan but got side tracked and pissed it all away? Who knows what the hell he was thinking. Either way I'm sure he'll be kicking himself for much longer than 15 months for sure!

Moto801 said:
I just wonder how he was able to take out over $300,000 in one day from the atm? Doesn't BOA have a daily ATM withdraw limit?

gingerbuzz · Jun 20, 2012

2011nfl said:
I can't believe what I just read! How the hell are you gonna get a free 1.5 mill, and just gamble it away like its 1.5 k??? Stupid! I would've invested it, and made a couple hundred thousand profit within a couple of months, then return the money to stay out of trouble. Now he faces 15 months in prison, and has nothing to show for it. Read the story here

It seems it was a cash overdraft account - i dont know what overdraft rates are like in the states but whatever way you look at it he was going to be paying a damn huge amount back by the time all that daily overdraft interest rate had been added by the banks.
I'm wondering Where was his brain at this point?

kcollier63 · Jun 20, 2012

He didn't know, at first, that he would be able to get that much money. So he figured that he would probably only get the first amount, then try to double or triple that. Then he got some more. Still didn't know if this thing would keep working for him, so he kept trying to double and triple. I believe that if he knew upfront that he would be able to take out that much money, he probably would have not gambled it all away.

Tsmash · Jun 20, 2012

Moto801 said:
I thought the glitch was adding $1.5M to his account

From what I understand they didn't actually give him $1.5M. I believe that the glitch was that they just kept letting him overdraw his account over and over again.

Bank glitch gives man 1.5 million, and the stupid f**k gambled it all away!

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