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Man Goes On $1.5m Gambling Spree, After ATM Glitch Gives Unlimited Withdrawals by bokohalal1: 6:16am On Jun 15, 2012 |
Ronald Page, a retired GM worker living in the Detroit area, took advantage of one hell of a computer glitch, after happening upon an ATM that allowed him to make unlimited cash withdrawals. How did he choose to handle the situation? He loaded up his pockets and went on a multi-casino gambling bender. Unfortunately for him, Mr. Page's luck ran out at the ATM; he lost all $1.5 million to the house. Convicted of theft of bank funds totaling $1.5 million, Mr. Page now awaits sentencing scheduled for June 27. Local 10 reports that prosecutors have recommended a 15-month prison sentence because they believe "Page had a lapse of judgment and [Bank of America] the bank was at fault for allowing this to happen." This seems rather lenient. The bank may have been at fault for its glitchy system, but Mr. Page made the choice to withdraw such a large sum of money. This may be a generalization, but I'm going to wager a person knows whether they have $1.5 million in the bank, or whether they're withdrawing funds that do not actually exist. He had an opportunity to commit a crime (theft of bank funds) and he took it. Why oh why is the prosecution laying blame on the bank's glitch? I'm opening this up to the Court of Public Opinion. Who's at fault here? Is Mr. Page getting off easy? Discuss... Link: http://m.gizmodo.com/5918607/man-goes-on-15m-gambling-spree-after-atm-glitch-allows-him-unlimited-withdrawals |
Re: Man Goes On $1.5m Gambling Spree, After ATM Glitch Gives Unlimited Withdrawals by i1: 9:43am On Jun 15, 2012 |
My only problem with the fool Ȋ̝̊̅§ that he wasted the money gambling. He could have invested well and negotiate an out of court settlement of the issue(na debt no be thief). But since he can't return the money jail him. |
Re: Man Goes On $1.5m Gambling Spree, After ATM Glitch Gives Unlimited Withdrawals by bokohalal1: 11:08pm On Jun 15, 2012 |
IMHO, practically, gambling is actually an 'investment' but ostensibly not a wise choice in very many cases where investment becomes either a choice or necessity. If he had gambled and made profits, I believe the bank would have collected the excess of the dispensed money @ the ATM back and the profit Mr Page made gambling. The court will be in the best position to determine that though. I keep wondering how long it would take to find Mr Page(if found @ all) if the above happened in my dear 9ja. |
Re: Man Goes On $1.5m Gambling Spree, After ATM Glitch Gives Unlimited Withdrawals by kingy19(m): 12:59am On Jun 16, 2012 |
I would say that both parties are at fault and deserve a level of punishment...the bank being being the worse |
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