Can you say “Retarded”? ATM boo-boo gives Man $1.5 million, gambles away error!

“You got to know when to hold ’em, know when to fold ’em,
Know when to walk away and know when to run.
You never count your money when you’re sittin’ at the table.
There’ll be time enough for countin’ when the dealin’s done.”

This is not the first time, a bank supposedly made a blunder – years ago, my own late father found he had 3 million in his account shortly after arriving in the USA, and my also late mom was ready to go to Brazil… But he got scared and told that bank’s management, not wishing jail after leaving the Caribbean so soon…

Detroit man gambles away $1.5 million accidentally given by ATM

{FILE IMAGE – DEMO ONLY, NO ASPERSIONS CAST} “The glitch reportedly occurred because Page originally had a banking account with LaSalle Bank. When Bank of America acquired LaSalle, the glitch somehow occurred while the two banking institutions were transferring account information.”

You have to wonder if these are truly mistakes, or if an employee within said same institutions wasn’t trying to either embezzle or launder funds from their organisation and got it collected before they could?

There’s also the case in New Zealand where another couple did almost just that,except they traversed between Hong Kong and Macau, and spent big, but not wild, before getting caught… At least as far as I recall, they tried to invest?

However, would you just gamble the huge funds IMMEDIATELY?

That’s what a Detroit guy did after visiting an ATM and getting a pleasant surprise, according to Yahoo! News

ABC News reported Ronald 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.

And even worse for Page, the U.S. Attorney’s Office in Detroit says he is now facing 15 months in prison after pleading guilty to charges of theft of bank funds, $1,543,104 in total between December 1, 2008 – May 31, 2009.

Gambling? You could have scarpered to Caymans or South Korea and buy 2 apartments to rent out then try and stay quiet, but you GAMBLED?

{FILE INTERNET IMAGE} “Ev’ry gambler knows that the secret to survivin’/
Is knowin’ what to throw away and knowing what to keep/
‘Cause ev’ry hand’s a winner and ev’ry hand’s a loser/
And the best that you can hope for is to die in your sleep…” In reality, the Yahoo! News item added; “In this case, the bank’s glitch allowed the defendant to lose a significant amount of money that was not even his in the first place,” reads the U.S. Attorney’s sentencing memorandum, obtained by ABC. “The fact that defendant acted on an impulse does not minimize the seriousness of his conduct and the need for a custodial sentence.”

Was it Herr Flick in “‘Allo ‘Allo!” who slapped people in the face when they were silly? If not, then there should be a character like it, as I would – whether a cop or a bank recovery officer… Yet the guy’s dumb luck was not completely penalised, the Law feels he’s not solely to blame?

Page, who does not have a prior record, could have faced a steeper sentence but prosecutors said his crime was a “lapse of judgment” and placed blame with Bank of America for allowing the withdrawals to take place.

In addition to the recommended 15-month sentence and order to repay the funds, the U.S. Attorney’s Office has suggested that Page be prohibited from gambling in any capacity.

  • If I were Page, I would not want to see another ATM, casino nor roulette table ever again – you can bet on that and bank on it too! 😉
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