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 Bank of America placed a hold on his account 17 days later, but he had already withdrawn $1.5 million by that point.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

persn 4dn knw ds 1 no b naija guy. Mumu

If this kind thing happen in Naija. We go sing MAGA don pay.

Nexxy007: persn 4dn knw ds 1 no b naija guy. Mumu

The same thing happened to a corps member who was serving in Oyo State about three years ago, he also spent all the money he was able to withdraw before his account was blocked the same way.

wise dude

This kind of thing never happens to Naija guys. A Naija guy would be in Lagos by now with the loot never to return to Yankee. Aftreall na money we come find.

Easy come easy go. The dough's gone with the wind. If i was the guy i'd have stashed the loot in an account in Monaco.

He had 17 days and he withdrew just 1.5 million! I trust my naija guys.

Nexxy007: persn 4dn knw ds 1 no b naija guy. Mumu

The same thing happened to a corps member who was serving in Oyo State about three years ago, he also spent all the money he was able to withdraw before his account was blocked the same way. It has nothing to do with one's origin, nation or background. Rather it has to do with individual orientation and lifestyle.

He's lost forever to poverty.

Nexxy007: persn 4dn knw ds 1 no b naija guy. Mumu

so u think 9ja people are wise? See your environment and your government at all level.

The twilight of ill-gotten wealth.

farolee: so u think 9ja people are wise? See your environment and your government at all level.

naija guys ar wise n sharp blv me. Hm 4dn go dark since. Arrest ke?

the dude na underage

Nexxy007: naija guys ar wise n sharp blv me. Hm 4dn go dark since. Arrest ke?

atleast naija guy for use am buy car sharp sharp

no mind am jawe

Why nigerian atms no dey do this kind mistake?

saw it on yahoo, that man is a stupid man

This guy is just plain daft. am sure he taught it was going to be like that forever.

They should have d man`s head examine.

MOD PLS PUT THIS ON FRONT PAGE

If he can't use $1.5m wisely, then he's destined to be poor forever!!!!!!!....does it mean he has no needs!?.. He couldn't even buy a house or something....... How old is he by the way?.....

naija banks atm no fit do like dat, instead u go withdraw 2k dem go say na 4k.

i no blame d guy sha

the guy in question is the number 1 fool I have seen in this present hardship.

If it was a Naija guy this happened to now the cries and hues of "nation of thieves" and all sorts of unsavoury names would be levelled against the whole country.

Old dude is just daft...I trust my country men

When 'mumu' meets 'maga', no one falls 'mugu'

hahahahahahahhaha!!! Easy come.... easy go...

Haaaaa!!! Gambling ke? I'm Ŋ¤τ̲̅ †ђã† stupid.