bank error leading to jail time.

[Russianwolf]

http://www.msnbc.msn.com/id/28654819/

The bank better be careful, as this means that if they don't fix a glitch that hurts a customer promptly, they can be sued for theft just as easily.

[Gary Lange]

She is so full of it. How many times does he do a roofing job for $177,000.00.

[Richard in Smithville]

http://www.msnbc.msn.com/id/28654819/

The bank better be careful, as this means that if they don't fix a glitch that hurts a customer promptly, they can be sued for theft just as easily.

Bet you don't see the bank manager go to jail though. It would end up with a sorry and here's your money back. Forget about the fact they caused to customers to default on a few loans and the people now have no heat, water or hydro.

[vaking]

She is so full of it. How many times does he do a roofing job for $177,000.00.

She probably is full of it and quitting job because of a bank mistake is stupid. If bank has the right to take money out of their account after recognizing a mistake the bank also has the right to collect the money if account is closed. However, technically there is no crime in quitting the job and there is no crime in withdrawing money from your bank account. If this couple is now accused of theft - it is probably not because of this case.

[docrowan]

Hmmm, to me it's clear theft was intended, unless they routinely handled very large sums of money and normally kept a $200,000 balance in their account. Can it be proved it was theft? I'm sure the banking industry have made sure there are laws to cover this situation. It's not the same as if they found $177,000 in an unmarked bag lying by the side of the road. They did not deposit this amount of money, or know that this money was coming to them, so it must belong to the bank.

[MilDoc]

Sure it can be proved it was theft. Just show they never had a deposit that large, ever. Never kept that amount sitting in a checking account. Then they knew it was a mistake, took the money, and ran.

Cases like this have happened in the past. Guilty. In every case.

[DUD]

I wrote My Contractor a check in December, it was for $1445.50. His wife picked up the

check and went to the bank and cashed it. The teller gave Her $14,450.00. The lady

walked away and stopped, said this to Herself, that is not the correct amount. She

then went to the Branch Managerand He went to the teller and looked at the check.

The Teller was scared, but She gave the money back and everything is cool. I don't

know why this happened as LOML is a VP thjere. Bill

[crokett]

I'd say it was theft. The only bank error in my favor was for 30 bucks that we didn't notice. The bank did and sent us a letter saying they were withdrawing 30.00 to fix a mistake on a deposit I made.

[Ed62]

I'd like to know how many squares were on that roof. I think it's obviously theft unless there's a lot left out of the story.

Ed

[Richard in Smithville]

Now I'm not sticking up for the couple, they saw an opportunity and ran with it. The banks are not with out fault either. How many times do they play with our accounts, causing damage and never even giving an appology. A co-worker once had his motgage come out of his account three times in one day! He only found the mistake because he went to get money out on the same day and his account was at nil. In fact on the third mortgage withdrawal, the bank found there was not enough money in the account and slapped him with a charge which took weeks to get back! All he got was, " I guess there was a glitch". No, " Sorry sir. We'll take care of things right away".

OK, ranting done.

[LinuxRandal]

With a public defender, they will get lucky to get a plea deal. If they used part of that money to pay a lawyer, then there are other issues.

If they had a better lawyer, and did commercial roofing (not just normal size homes) then the large check may not be an issue.

But even getting out of that, they would have more to worry about, getting Caponed. (IRS for not reporting the extra as income)

[RAFlorida]

What stands up in a court, is their action.

IMHO, their action speaks loud and clear; take the money and run. That they did. So, the court will see that as, " hey, the bank made a mistake, and we are not going to report it." Should they be punished? Yes.

[Russianwolf]

Funny thing. I go in to work this morning and pull up the bank accounts to see if any payments came in. There is a check deposit from yesterday for $79k. I doesn't belong to us, as I'm the only one that makes check deposits, and I haven't done one in weeks.

Man, they know how to screw things up. I'll be at the bank tomorrow to make the real check deposit and get this money out of the account. :sigh:

[LinuxRandal]

Dasvidanya comrade. Have fun in Florida, LOL.

[sscherin]

I had a bank mistake go in my favor one time..

I wrote a $1,500 check to hold a lot for a new house.

Bank cashed it for $15.00

It didn't take the company more then a week to find the mistake and then I got a call from a nervous office manager looking for another $1485