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Man accidentally gets $1.5 million from ATM then gambles it all away


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#1 Jcaugustine

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Posted 20 June 2012 - 07:27 PM

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

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.

[IMG]http://l1.yimg.com/bt/api/res/1.2/6aQKREBA4LXt2ty9d9C1aw--/YXBwaWQ9eW5ld3M7cT04NTt3PTMxMA--/http://media.zenfs.com/en/blogs/thesideshow/RonaldPage.jpg[/IMG]

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.

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 Bank of America placed a hold on his account 17 days later, but he had already withdrawn $1.5 million by that point.

Idiot.

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#2 Ced

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Posted 20 June 2012 - 07:35 PM



#3 mtxbass1

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Posted 20 June 2012 - 08:40 PM

So wait. He gets jail time for spending 1.5 million of money that he wasn't his...yet many Wall Street/Big Bank cronies who spent billions that wasn't theirs and made risky bets on our economy haven't been prosecuted at all? This guy was a complete idiot to say the least however.



#4 RedvsBlue

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Posted 20 June 2012 - 08:49 PM

So wait. He gets jail time for spending 1.5 million of money that he wasn't his...yet many Wall Street/Big Bank cronies who spent billions that wasn't theirs and made risky bets on our economy haven't been prosecuted at all? This guy was a complete idiot to say the least however.


Ain't it great to think about it like that? But they were just making business decisions right? That makes it "better."

#5 Clak

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Posted 20 June 2012 - 09:15 PM

Ordered to repay the funds? The guy had a few hundred in his checking account, they want him to pay back 1.5 million? :rofl:
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#6 slidecage

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Posted 20 June 2012 - 09:23 PM

He wont get a day in jail he will Play the RACE card and say

THE WHITE MAN DID THIS TO HIM


wait and see...

one time okay everyone can forgive him but he did this over 6 months and HE Knew it was not his money.... Yea we bet he lost all that cash....


dont toss his ass in jail Make him walk up and down highways picking up cans until he pays off the 1.5 million
WOOOO I STINK

#7 Strider Turbulence

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Posted 20 June 2012 - 09:52 PM

Level with us slidecage, your just a gimmick, right?

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#8 slidecage

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Posted 20 June 2012 - 11:34 PM

Level with us slidecage, your just a gimmick, right?


no i sick of the race card being played every fucking day...


we just had people get busted on the news for robbing a place and the person goes they only chased us cause we are BLACK.. like the cops wouldnt went after them if they were WHITE....


The the judge Takes their little cry baby stories ..

Look at the Fucking president race he is even playing the race card...


O i may not win cause they dont want a black president for the next 4 years... no your not going to win cause we dont want someone who dont know how to do their fucking job being president for the next 4 years... Even his wife has said this many times ....
WOOOO I STINK

#9 bigpimpin24

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Posted 20 June 2012 - 11:35 PM

slidecage for president

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#10 slidecage

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Posted 20 June 2012 - 11:42 PM

slidecage for president


and the first thing will be

bring charges against the mail person who ran over my pokemon gba game years ago :)
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#11 eLefAdEr

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Posted 20 June 2012 - 11:48 PM

You'd think he'd come to the realization after losing the first few thousand that he was terrible at gambling.

#12 PimpLimp

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Posted 21 June 2012 - 05:42 AM

You'd think he'd come to the realization after losing the first few thousand that he was terrible at gambling.

If not the first few thousand than the first million at least :lol:

#13 kirby145

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Posted 21 June 2012 - 06:10 AM

Meh if all he had was $300 and homeless it couldn't have hurt to try and win and repay. Lol.
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#14 crunchb3rry

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Posted 21 June 2012 - 06:15 AM

It was a decent plan. Double his money at the casino, then go to the bank with half and say "Damn, your crazy ATM gave me all this. I'm an honest person, so take it back."

#15 georox

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Posted 21 June 2012 - 06:16 AM

Level with us slidecage, your just a gimmick, right?


I think it's a bot. Gives me a bit of faith in humanity that way.

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#16 IAmTheCheapestGamer

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Posted 21 June 2012 - 06:24 AM

I read about this the other day on a news site and all I could think of was 'man I woulda done something completely different with that money'. What a waste.

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#17 hankmecrankme

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Posted 21 June 2012 - 06:40 AM

Hookers and blow.

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I like how this one black guy manager at my nearest KFC rejected the chicken and told the employees to make me some new chicken. He understood how us black folks like our friend chicken fresh and not hard.


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#18 Ced

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Posted 21 June 2012 - 08:45 AM

You know, the real winners in this are the casinos he dropped money in. While BofA is busy siphoning nickels out of this guy for a lifetime because of their own Fuck up, all that dirty money has basically been whitewashed into their accounts.

#19 nasum

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Posted 21 June 2012 - 02:40 PM

Hookers and blow.


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#20 DurbanBrown

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Posted 21 June 2012 - 02:44 PM

bet he had fun though...

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#21 blindinglights

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Posted 21 June 2012 - 02:53 PM

Despite the glitch allowing him to continuously overdraft his account, how does a bank not take notice of a single account withdrawing over three hundred thousand in cash in a single day?

I have to call my credit card company if I plan on making a big purchase out of state because they will often block the purchase for "unusual activity" if I don't call customer service, yet some broke guy can withdraw over a quarter million dollars in a single day and it goes unnoticed for over two weeks???
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#22 Donut2922

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Posted 21 June 2012 - 03:14 PM

Meh if all he had was $300 and homeless it couldn't have hurt to try and win and repay. Lol.


This actually makes sense hahah.

#23 jbuck138

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Posted 21 June 2012 - 06:42 PM

I bet that he has at least $500,000 hidden somewhere. Using the casino story as a coverup.

#24 PimpLimp

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Posted 21 June 2012 - 08:06 PM

I bet that he has at least $500,000 hidden somewhere. Using the casino story as a coverup.

Doubt it. He withdrew all the money from ATMs inside the casinos and then there's the fact that casinos have cameras EVERYWHERE. I'm sure they have just hours and hours of videotape of him losing all that money. It would be very easy to determine if he spent it all or not.

My only real question now is, was he ever ahead at one point lol?

#25 koalak

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Posted 21 June 2012 - 11:32 PM

haha he must really suck at gambling
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#26 Kerig

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Posted 22 June 2012 - 05:27 PM

I've seen this story before:

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