A Detroit man is facing 15 months in prison after he was able to withdraw unlimited ATM cash from his Bank of America account that only held a few dollars.

Aww, what a tragedy. It couldnt've happened to a nicer bank.

I'm not saying what he did was right, but I can't say I'm sad to see BoA get farked by one of their customers rather than the other way around.

i'm sure there's some law that says otherwise, but feel that if the bank made the mistake, then they are responsible for that money. this statement is not swayed at all by how much i think BofA should die in a fire.

It's almost as if sustainable acquisition is related to prudent stewardship.

I'd have donated as much money as I could to every PAC and SuperPAC and lobbyist I could find. Watching the bank go after those political organizations to get their money back would be worth doing the 15 months in jail...

or maybe you shouldn't spend money that isn't yours.

Weaver95: I'd have donated as much money as I could to every PAC and SuperPAC and lobbyist I could find. Watching the bank go after those political organizations to get their money back would be worth doing the 15 months in jail...

Big win

Weaver95: I'd have donated as much money as I could to every PAC and SuperPAC and lobbyist I could find. Watching the bank go after those political organizations to get their money back would be worth doing the 15 months in jail...

Actually, thinking about it, I'd SAY I gambled it all away at Casinos, and certainly make sure I was on a few surveillance cameras changing some of the money into large piles of chips, but then maybe I'd pay someone else to cash me out, and bury the money for a nice retirement after I did the 15 months in jail. 100k per month of incarceration is actually a pretty sweet trade off I think...

rhino33: i'm sure there's some law that says otherwise, but feel that if the bank made the mistake, then they are responsible for that money. this statement is not swayed at all by how much i think BofA should die in a fire.

Just like the Lay's guy leaving the vending machine open entitles you to all those free bags of chips, right?

Please tell me he got some hookers and blow in the mix.

Finally, on August 18, Bank of America placed a hold on his account when it was overdrawn by over $1.5 million, his indictment states.

$1 million of that being overdraft fees

So would anyone here risk 15 months in jail to bet $1.5 million on one roll of roulette (or hand of blackjack)? If you win, you get $3 million, return $1.5 million back to the bank and keep the other $1.5 . But if you lose, you get 15 months in prison.

Ethics very, very far aside, I always liked the buried gold route. It wouldn't have to be gold, but since it's non-reactive, it's better than something worms can eat.

Seriously, if there were ever a situation in which it were appropriate to flee with enormous wealth, I'll meet you at my compound outside a small town in Venezuela.

Or next month you can meet me in a small compound outside Yosemite.

/Living the dream
//that slashie felt like a hash tag
///time for three slashies and four showers.

Instead of this:



He'll get this:

scottydoesntknow: Finally, on August 18, Bank of America placed a hold on his account when it was overdrawn by over $1.5 million, his indictment states.

$1 million of that being overdraft fees

So would anyone here risk 15 months in jail to bet $1.5 million on one roll of roulette (or hand of blackjack)? If you win, you get $3 million, return $1.5 million back to the bank and keep the other $1.5 . But if you lose, you get 15 months in prison.

That sounds like a Recession Dream come true.

kronicfeld: rhino33: i'm sure there's some law that says otherwise, but feel that if the bank made the mistake, then they are responsible for that money. this statement is not swayed at all by how much i think BofA should die in a fire.

Just like the Lay's guy leaving the vending machine open entitles you to all those free bags of chips, right?


no, lay's are pretty tastey and have done the american people no wrong (except for that olestra phase). i would politely shut the door of leave a dollar for the bag i take. as for the bank - given the billions they've hoodwinked out of people, they can stand lose 1.5M.

I sorta think the banks in these situations should have to just eat it and the guy should get a pass. Sure it is stealing and wrong, but on the bank's end this is pretty much the same as leaving the bank and vault unlocked. How the hell are we supposed to trust you with our money if you let shiat like this happen? We are supposed to be accountable for our actions, how about some accountability on your part, BOA?

violentsalvation: I sorta think the banks in these situations should have to just eat it and the guy should get a pass. Sure it is stealing and wrong, but on the bank's end this is pretty much the same as leaving the bank and vault unlocked. How the hell are we supposed to trust you with our money if you let shiat like this happen? We are supposed to be accountable for our actions, how about some accountability on your part, BOA?

So under that logic then we remove all theft from the books and no more larceny right? Because your car/house should have been locked, how is your family supposed to trust you with their stuff if you don't lock your car or home? It's your fault someone decided to break the law and take it right?

What's a balanace?

Michael Bolton is pleased.

Abe Vigoda's Ghost: What's a balanace?

Its a furnace fueled by sheep.

mauricecano: violentsalvation: I sorta think the banks in these situations should have to just eat it and the guy should get a pass. Sure it is stealing and wrong, but on the bank's end this is pretty much the same as leaving the bank and vault unlocked. How the hell are we supposed to trust you with our money if you let shiat like this happen? We are supposed to be accountable for our actions, how about some accountability on your part, BOA?

So under that logic then we remove all theft from the books and no more larceny right? Because your car/house should have been locked, how is your family supposed to trust you with their stuff if you don't lock your car or home? It's your fault someone decided to break the law and take it right?


Considering all the craps banks pull when they make a mistake in their favor, the same rules should apply to them. I opened an account a few months back that was supposed to be at 1% interest. I get my statement, and they gave me 76 cents, instead of 7.60. I call and complain, they take 2 weeks to fix it, and i get 4.00 in interest, instead of 12.80.

Again I call, and they say "oh, we can't back date interest."

If you can't backdate interest, i can;t backdate my statements either.

mauricecano: So under that logic then we remove all theft from the books and no more larceny right? Because your car/house should have been locked, how is your family supposed to trust you with their stuff if you don't lock your car or home? It's your fault someone decided to break the law and take it right?

This seems more like you leaving a bowl of candy out on Halloween and then prosecuting the first kid who finds it. Sure it's wrong, but you're the one who placed it in a freely accessed area.

slayer199: Instead of this:

[unhindered.com image 400x255]

He'll get this:

[lyontheeves.com image 640x351]

Came for Monopoly cards ( i was going to Shoop them) but this is still good~!

Magorn: Weaver95: I'd have donated as much money as I could to every PAC and SuperPAC and lobbyist I could find. Watching the bank go after those political organizations to get their money back would be worth doing the 15 months in jail...

Actually, thinking about it, I'd SAY I gambled it all away at Casinos, and certainly make sure I was on a few surveillance cameras changing some of the money into large piles of chips, but then maybe I'd pay someone else to cash me out, and bury the money for a nice retirement after I did the 15 months in jail. 100k per month of incarceration is actually a pretty sweet trade off I think...

No good. Casinos always know EXACTLY how much money you've gambled at their tables, down to the last penny. The chips even have RFID chips embedded so they know which games you're playing, what your habits are, and precisely how much you won or lost. You'd have the police fooled for two months, tops.

rhino33: i'm sure there's some law that says otherwise, but feel that if the bank made the mistake, then they are responsible for that money. this statement is not swayed at all by how much i think BofA should die in a fire.

Regardless of how you feel about BOA, what the guy did was steal money knowingly. He should and will be punished to the maximum extent of the law.

BurnShrike: A Detroit man is facing 15 months in prison after he was able to withdraw unlimited ATM cash from his Bank of America account that only held a few dollars.

Aww, what a tragedy. It couldnt've happened to a nicer bank.

I'm not saying what he did was right, but I can't say I'm sad to see BoA get farked by one of their customers rather than the other way around.

I gotta agree. There's something about this line:

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

that reminds me of the banking crisis, with banks gambling on our deposit money. No one has gone to jail over those hundreds of billions of dollars and the rape of our economy, yet this guy gets 15 months for $1.5 million.

Or he just said he lost it in a casino because he's smart.

I guess this is a good a place to ask as any, how much money can an ATM hold? How many ATMs did he have to hit up to get up to $1.5 million?

That's what I would claim after I stored my money someplace safe.

violentsalvation: I sorta think the banks in these situations should have to just eat it and the guy should get a pass. Sure it is stealing and wrong, but on the bank's end this is pretty much the same as leaving the bank and vault unlocked. How the hell are we supposed to trust you with our money if you let shiat like this happen? We are supposed to be accountable for our actions, how about some accountability on your part, BOA?

You are a bad, bad person.

Well..it was good run while it lasted. I am sure the prisons in Detroit are very pleasant



I haz sad now, and apparently am NOT very good at casino games

violentsalvation: I sorta think the banks in these situations should have to just eat it and the guy should get a pass. Sure it is stealing and wrong, but on the bank's end this is pretty much the same as leaving the bank and vault unlocked. How the hell are we supposed to trust you with our money if you let shiat like this happen? We are supposed to be accountable for our actions, how about some accountability on your part, BOA?

You could apply this to anything, though. You could say the same about someone robbing your house if you forgot to lock a window, or a hospital getting drugs stolen because someone ran into an emergency room that wasn't properly secured. I'm no friend to banks but this is probably less BOA's fault and more "some poor sucker in their huge company infrastructure". There's plenty of precedent for this sort of thing. "Our CEO ran off with illegitimate funds from our account, but it's our fault for hiring him." Not usually how it works.

That said, the guy could've handled this in a few different ways and been a lot better off.

How is what he did different than what Wall Street bankers did at the height of the financial crisis a few years ago?

Why is he going to jail and not anyone at Goldman Sachs or Bank of America, among numerous large financial entities?

Imperialism: I guess this is a good a place to ask as any, how much money can an ATM hold? How many ATMs did he have to hit up to get up to $1.5 million?

He hit up casino ATMs, which usually have a lot more money (and security) than normal street ATMs. Casinos don't want their ATMs running out of money, so they will usually keep it well stocked with funds.

kronicfeld: rhino33: i'm sure there's some law that says otherwise, but feel that if the bank made the mistake, then they are responsible for that money. this statement is not swayed at all by how much i think BofA should die in a fire.

Just like the Lay's guy leaving the vending machine open entitles you to all those free bags of chips, right?

No, but if I pay a buck for a bag of chips and the machine spews 20 bags out, I'm walking away with 20 bags.

scottydoesntknow:
So would anyone here risk 15 months in jail to bet $1.5 million on one roll of roulette (or hand of blackjack)? If you win, you get $3 million, return $1.5 million back to the bank and keep the other $1.5 . But if you lose, you get 15 months in prison.

If I were old and poor and single... maybe. But I wouldn't screw over my wife and kid's life on a 49/51 chance (or whatever the odds are).

/I think you could still go to jail on an "unlawful conversion" charge, even if you won - since you knew the money wasn't yours.

Between this and the $75K thread, I feel a tantrum coming on. Of course I won't throw it, that would result in a lot of caps lock and arguments with gaping holes in them...I'll just get to the point.

I want money. If I somehow came across $1.5M, you bet your ass I wouldn't gamble it away. I'd buy food. I'd buy gas. I'd pay my medical bills. I'd pay off the loan I had to take out last year to bury my mother. Of course I'd do some "frivolous" spending (an oil change! new t-shirts! home repairs!), but I would be grateful enough not to throw it away.

Step 1: Withdraw $1.5MM from B of A
Step 2: Convert to Judaism
Step 3: Flee to Israel
Step 4: Laugh at B of A

/Doing this right?

slayer199: Instead of this:

[unhindered.com image 400x255]

He'll get this:

[lyontheeves.com image 640x351]

Hey at this point in the game jail is the safest place to be.

A fool and someone elses money were lucky to get together in the first place.

Some people are just money idiots. It reminds me of a story before there were ATMs. My mother in law worked at a bank, and one time this fellow (Marty, age 25) came by the drive through to cash a check. They check his account and he's broke. Marty replies, how can I be broke, I still have checks.........

A few months ago, a company I do business with accidentally put $94,000 in my account.

There was a moment, just one moment, where I wished they'd made a bigger mistake so I could take the money and flee somewhere cheap that wouldn't extradite.

mainstreet62: How is what he did different than what Wall Street bankers did at the height of the financial crisis a few years ago?

Why is he going to jail and not anyone at Goldman Sachs or Bank of America, among numerous large financial entities?

Wow, when you fail you fail big.

Let me try your logic

I should be able to speed through stop lights. How is that different than what I see police men doing?

I should be able to stab people, how is that different than what surgeons do?

I should be able to shoot people, how is that different than what soldiers do?

MAYORBOB: rhino33: i'm sure there's some law that says otherwise, but feel that if the bank made the mistake, then they are responsible for that money. this statement is not swayed at all by how much i think BofA should die in a fire.

Regardless of how you feel about BOA, what the guy did was steal money knowingly. He should and will be punished to the maximum extent of the law.

FTFY.

Tricky Chicken: mainstreet62: How is what he did different than what Wall Street bankers did at the height of the financial crisis a few years ago?

Why is he going to jail and not anyone at Goldman Sachs or Bank of America, among numerous large financial entities?

Wow, when you fail you fail big.

Let me try your logic

I should be able to speed through stop lights. How is that different than what I see police men doing?

I should be able to stab people, how is that different than what surgeons do?

I should be able to shoot people, how is that different than what soldiers do?

Wow, false equivalence much, asshat?

lennavan: BurnShrike: A Detroit man is facing 15 months in prison after he was able to withdraw unlimited ATM cash from his Bank of America account that only held a few dollars.

Aww, what a tragedy. It couldnt've happened to a nicer bank.

I'm not saying what he did was right, but I can't say I'm sad to see BoA get farked by one of their customers rather than the other way around.

I gotta agree. There's something about this line:

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

that reminds me of the banking crisis, with banks gambling on our deposit money. No one has gone to jail over those hundreds of billions of dollars and the rape of our economy, yet this guy gets 15 months for $1.5 million.

Because taking money that isn't yours and losing it gambling is illegal, while taking deposits and lending it out, and paying back the depositors when their money is due is not illegal.

Funny how that works.

You're only allowed to gamble with bank money if you're in the derivatives department.

Does he have to declare the bank error as income? He might be screwed beyond the 15 months in jail.

"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," states the U.S. Attorney's sentencing memorandum, filed on June 11.

So when can we expect the US Attorney's indictments against the JP Morgan executives?

Tricky Chicken: mainstreet62: How is what he did different than what Wall Street bankers did at the height of the financial crisis a few years ago?

Why is he going to jail and not anyone at Goldman Sachs or Bank of America, among numerous large financial entities?

Wow, when you fail you fail big.

Let me try your logic

I should be able to speed through stop lights. How is that different than what I see police men doing?

I should be able to stab people, how is that different than what surgeons do?

I should be able to shoot people, how is that different than what soldiers do?

Please phrase your derp in the form of a derp by prefacing your statements with a Durrrrrrrrrrr. Thank you. That is all.

mainstreet62: How is what he did different than what Wall Street bankers did at the height of the financial crisis a few years ago?

Why is he going to jail and not anyone at Goldman Sachs or Bank of America, among numerous large financial entities?

Seriously? You wrote this. You typed it out, previewed it, and said "yes this is a statement I want to make" and posted it.

Abe Vigoda's Ghost: What's a balanace?

An Italian balance.

It's pronounced "Ball-a-nach-ee"