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Old Today, 09:12 AM
 
10,931 posts, read 4,432,878 times
Reputation: 27593

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Who's dumb enough to do this?

Did they really think the bank wouldn't notice, OR that it would be there's to keep - like finders keepers?

https://wnep.com/2019/09/06/state-po...-bank-account/
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Old Today, 09:18 AM
 
Location: Upstate NY 🇺🇸
36,639 posts, read 10,850,278 times
Reputation: 34746
They finally admitted that they knew it wasn't theirs, but spent it anyway. According to reports, these mistakes happen more frequently than we'd care to know, but I can't imagine not notifying the bank.

They couldn't wait to spend it, either--and on, among other things (including giving $15K to a friend in need), four vehicles. What else is there when you hit the jackpot?

Yeesh.
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Old Today, 09:23 AM
 
Location: East Mt Airy, Philadelphia
1,052 posts, read 1,066,483 times
Reputation: 1932
If the Darwin Awards had a special "you didn't die being stupid, but still, you're monumentally stupid" category, these people would be in the Darwin Hall of Fame.
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Old Today, 09:23 AM
 
Location: Wisconsin
17,488 posts, read 17,773,425 times
Reputation: 42839
Decades ago, I received my monthly bank statement and noticed that one day $100,000 (or something like that) was deposited in my checking account and the next day $100,000 was removed. Obviously the bank made a mistake and fixed it before I even saw it. But, I certainly would not have spent the money knowing that it was an error.
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Old Today, 09:39 AM
 
Location: Seminole County, FL
10,061 posts, read 6,920,125 times
Reputation: 12702
Quote:
Originally Posted by germaine2626 View Post
Decades ago, I received my monthly bank statement and noticed that one day $100,000 (or something like that) was deposited in my checking account and the next day $100,000 was removed. Obviously the bank made a mistake and fixed it before I even saw it. But, I certainly would not have spent the money knowing that it was an error.
At the very least, WAIT a while -- a LONG while, to see if it's going to get reversed.
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Old Today, 10:05 AM
 
Location: Here.
14,099 posts, read 12,804,440 times
Reputation: 16516
I thought all banks had a lottery.
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Old Today, 10:14 AM
 
11,293 posts, read 2,953,482 times
Reputation: 7594
Isnt this why the banks carry insurance?



If it was the banks fault, the insurance should be on the hook, its found money to the people whose account it was accidentally deposited in.
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Old Today, 10:19 AM
 
10,931 posts, read 4,432,878 times
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Quote:
Originally Posted by rstevens62 View Post
Isnt this why the banks carry insurance?



If it was the banks fault, the insurance should be on the hook, its found money to the people whose account it was accidentally deposited in.
It doesn't work that way, in banking.

If there's a mistake that takes money from you and you notify them, it's never considered completely "resolved" when they give you back your money. You're told the money has been deposited back into your account, but if evidence surfaces that it's not actually yours, it will be removed again.

Bank customers have a limited amount of time to notify the bank that a mistake has been made on their account (30 days is my experience) but banks have an unlimited time frame to recognize their mistakes and take back their money.
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Old Today, 10:21 AM
 
11,293 posts, read 2,953,482 times
Reputation: 7594
Quote:
Originally Posted by ClaraC View Post
It doesn't work that way, in banking.

If there's a mistake that takes money from you and you notify them, it's never considered completely "resolved" when they give you back your money. You're told the money has been deposited back into your account, but if evidence surfaces that it's not actually yours, it will be removed again.

Bank customers have a limited amount of time to notify the bank that a mistake has been made on their account (30 days is my experience) but banks have an unlimited time frame to recognize their mistakes and take back their money.
So what purpose do they carry deposit insurance for then? What scenario would the insurance company be on the hook for the money?
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Old Today, 10:23 AM
 
Location: Upstate NY 🇺🇸
36,639 posts, read 10,850,278 times
Reputation: 34746
Quote:
Originally Posted by rstevens62 View Post
Isnt this why the banks carry insurance?



If it was the banks fault, the insurance should be on the hook, its found money to the people whose account it was accidentally deposited in.

Wrong.

That money is no more theirs because the bank made a mistake, than money they found on the street would be if they saw the person who'd dropped it, looking for it.

This couple knew that it wasn't their money, yet kept it. Hence, the criminal charge.
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