PDA

View Full Version : Life Loser of the year!


Frankie
06-19-2012, 05:40 PM
Detroit man gambles away $1.5 million accidentally given by ATM

Ronald Page seemingly had it made when Bank of America unintentionally changed his account status, allowing the 55-year-old man to make unlimited ATM cash overdraft withdrawals.

But ABC News reports that 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 and May 31, 2009.

"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."

The day the Bank of America glitch went into effect, Page reportedly withdrew $312,000 from ATMs at the Greektown Casino in Detroit and an additional $51,727 from the MGM Grand Casino. Bank of America placed a hold on his account 17 days later, but he had already withdrawn $1.5 million by that point.

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.

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 his gambling addiction is not addressed, he is very likely to cause further financial hardship to himself and his family," the memorandum reads.

http://news.yahoo.com/blogs/sideshow/detroit-man-gambles-away-1-5-million-accidentally-191619543.html

whoman69
06-19-2012, 06:14 PM
[B][SIZE="3"]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.



Man: All right, it's a fair cop, but society's to blame.
Church Policeman: Right, we'll arrest them instead.
— Monty Python's Flying Circus, "Church Police"

Bugeater
06-19-2012, 06:24 PM
In addition to the recommended 15-month sentence and order to repay the funds
Yeah, an ex-con with a gambling problem should have no problem doing that. Just set him up with a payment plan for that $1.5M.

Phobia
06-19-2012, 06:26 PM
Bank Error In Your Favor.... Blow it at the casino... Um, if I were criminally minded, I'd have been living in a hut on the beach somewhere near the equator.

KCtotheSB
06-19-2012, 06:28 PM
$1.5 million dollar says he's black.

EDIT: Clicked on the link and won.

Mr. Laz
06-19-2012, 06:30 PM
Bank Error In Your Favor.... Blow it at the casino... Um, if I were criminally minded, I'd have been living in a hut on the beach somewhere near the equator.

shit ya ... if you are going to do something then withdrawal everything you can and immediately leave the country.

double stupid

don't leave the country
blow it all on gambling

why you gambling if you have millions anyway?

Fish
06-19-2012, 06:37 PM
$1.5 million dollar says he's black.

EDIT: Clicked on the link and won.

Yeah, black people catch bank glitches and withdraw excess money ALL the time.... good catch with the obvious...

Thig Lyfe
06-19-2012, 06:39 PM
How is this thread not about Matt Cassel?

Hog Farmer
06-19-2012, 08:24 PM
Mark Castle would have done the same thing!

stonedstooge
06-19-2012, 08:27 PM
Isn't that what banks do with the money you give them? Gamble it?

scott free
06-19-2012, 08:29 PM
shit ya ... if you are going to do something then withdrawal everything you can and immediately leave the country.

No freaking doubt, that guys a real fool.

With 1.5 mill you could live like a King in the Palace of Heaven, in so many desirable places.

notorious
06-19-2012, 08:30 PM
Mark Castle would have done the same thing!

Do you really believe he could get his ATM card into the slot?

qabbaan
06-19-2012, 08:42 PM
Cassel would have gotten confused and checked down to a balance inquiry.

Phobia
06-19-2012, 08:48 PM
I can't believe it took BOA 17 days.... back when I had an account with those crooks, it took .17 seconds to assess me with an outrageous service charge. To this day I can't figure out why it makes sense to charge people who HAVE NO MONEY more money when they very clearly do not HAVE NO MONEY.

IratePrimate
06-19-2012, 08:52 PM
How long did he have to set at random ATM's to get that much cash. He must of just been confused and thought he was winning at the new ATM slot machine.

tecumseh
06-19-2012, 08:54 PM
So it was a loan?

IratePrimate
06-19-2012, 08:56 PM
Also how terrible at gambling do you have to be to loose 1.5 million. You'd think he'd have to hit every once and awhile.

tecumseh
06-19-2012, 08:57 PM
double down , baby!

tredadda
06-19-2012, 08:58 PM
Cassel would have gotten confused and checked down to a balance inquiry.

Or he would have aimed for the card slot and missed and hit the screen or something.

qabbaan
06-19-2012, 08:59 PM
Really though: nice work, Ronald. Surely no one will notice $1.5 million has just gone missing. I'm sure they don't track what those ATMs are doing.

And what kind of an idiot finds basically a million dollars lying on the ground and goes and gambles? It's like finding out a model is into you, and taking her out to use her to pick up women.

IratePrimate
06-19-2012, 09:05 PM
So it was a loan?

haha dude had 300 in his account I'm sure he's good to pay back the 1.5 Million right after he hits big on the Penny slots :clap:

tredadda
06-19-2012, 09:07 PM
haha dude had 300 in his account I'm sure he's good to pay back the 1.5 Million right after he hits big on the Penny slots :clap:

Makes me think of Dumb and Dumber. He just left a bunch of IOUs thinking "they are just as good as cash".

boogblaster
06-19-2012, 10:52 PM
osn ....

Setsuna
06-19-2012, 11:05 PM
I can't believe it took BOA 17 days.... back when I had an account with those crooks, it took .17 seconds to assess me with an outrageous service charge. To this day I can't figure out why it makes sense to charge people who HAVE NO MONEY more money when they very clearly do not HAVE NO MONEY.

Dude...I love you. I left them earlier this year when I got that letter about paying a $12 fee every month for actually keeping my money with them over the years. Back stabbing bitches.

Frankie
06-19-2012, 11:25 PM
$1.5 million dollar says he's black.

EDIT: Clicked on the link and won.

Racist much?

:shake:

Phobia
06-19-2012, 11:41 PM
Racist much?

:shake:

That was my initial reaction but then I thought maybe he just saw the guy was from Detroit. There are a whole lot of black folks in Detroit.

Frankie
06-20-2012, 12:02 AM
haha dude had 300 in his account I'm sure he's good to pay back the 1.5 Million right after he hits big on the Penny slots :clap:

Well, he gambled and lost a large sum of someone else's money. So I'm pretty sure he's entitled to a government bailout.

patteeu
06-20-2012, 05:21 AM
That was my initial reaction but then I thought maybe he just saw the guy was from Detroit. There are a whole lot of black folks in Detroit.

Yeah, I assumed he was an auto executive or a Muslim.

Dick Bull
06-20-2012, 06:11 AM
Mark Castle would have done the same thing!

Mark Castle is so good that he took the money and still hangs around without getting into any trouble.

Dick Bull
06-20-2012, 06:13 AM
No freaking doubt, that guys a real fool.

With 1.5 mill you could live like a King in the Palace of Heaven, in so many desirable places.

I'm thinking the guys plan was to take the money and double up. He just forgot the double up part.

Deberg_1990
06-20-2012, 06:46 AM
$1.5 million dollar says he's black.

EDIT: Clicked on the link and won.

Wow, CP has its own Sherlock Holmes. Good deducing, because white people never do anything stupid with money.

qabbaan
06-20-2012, 06:57 AM
This beautifully illustrates that gambling is basically a tax on stupid people.

Bane
06-20-2012, 07:23 AM
1.5 mil in 17 days!!!!Holy fuck!