Man Withdraws $1.5-Million Thanks To ATM Glitch, Loses It All On A Gambling Spree
Jun 19, 2012 16:23
What would you do if you suddenly stumbled across a magical ATM that
kept giving you free cash? Would you change your identity, flee the
country, or spend it on gambling?
One guy named Ronald Page decided to go with option number three, losing a total of $1.5 million in the process (try not to cry while you keep reading).
According to Local 10, Page thought he'd hit the jackpot when he stumbled upon a glitchy ATM at a Detroit casino allowed him to make unlimited withdrawals. He'd managed to rack up a whopping 1.5-million before losing it all in a gambling binge:
Convicted of theft of bank funds totaling $1.5 million, Mr. Page now awaits sentencing scheduled for June 27.
... 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."
That's right, Page's lawyers are actually arguing that the entire thing was the bank's own fault. Maybe the glitch also held a gun to his head and forced him to do it.
So what would make an ATM suddenly decide shoot out free money? According Mark Henricks of Bankrate.com,
representatives from leading
ATMs manufacturer Diebold revealed that mistakes on ATMs are rare but can usually be traced
back to a human error. Another major cause is not keeping up with proper
maintenance on the machine.