Bank error in his favor ... compounded

Liebling:-))) · 02-22-2008, 05:21 AM

Quote:

NEW YORK - A man was charged with withdrawing $2 million from an account after a bank confused him with a man who has the same name.

Benjamin Lovell was arraigned Tuesday on grand larceny charges. The 48-year-old salesman said he tried to tell officials at Commerce Bank in December that he did not have a $5 million account. He says he was told it was his and he could withdraw the money.

Prosecutors said the bank — which advertises itself as America's Most Convenient Bank — confused Lovell with a Benjamin Lovell who works for a property management company.

The lesser-funded Lovell gave away some of the withdrawn money and blew some of it on gifts, but lost much of it on bad investments, prosecutors said.

The district attorney's office did not immediately have information on his lawyer. Calls left with Commerce Bank on Wednesday were not immediately returned.

Bank accidentally gives man $5 million - Criminal weirdness - MSNBC.com

GalaxyAngel · 02-22-2008, 02:21 PM

ouch!
oh shucks!

zerodog · 02-27-2008, 05:15 AM

yea.. I read that news while I was working.. Remember that bank, don't open that bank account.. heh..

jasin · 03-01-2008, 03:26 PM

If 5 million popped up in my account i'd be forwarding it, and quick, to some offshore account and then moving somewhere without an extradition treaty.

02-22-2008, 02:21 PM	#2 (permalink)
GalaxyAngel That's me! Join Date: Sep 2003 Location: Ontario,Canada Posts: 13,456	ouch! oh shucks! __________________ Parents' proud of Logan.

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02-27-2008, 05:15 AM	#3 (permalink)
zerodog My nose is light! Join Date: Jan 2008 Location: Oh Thanks Heaven! Posts: 160	yea.. I read that news while I was working.. Remember that bank, don't open that bank account.. heh..

03-01-2008, 03:26 PM	#4 (permalink)
jasin Registered User Join Date: Jan 2007 Location: Puyallup, Washington Posts: 779	If 5 million popped up in my account i'd be forwarding it, and quick, to some offshore account and then moving somewhere without an extradition treaty.