ATM Error Lets Detroit Man Gamble Away $1.5M - ABC News
A Detroit man is facing 15 months in prison after he was able to withdraw unlimited ATM cash from his Bank of America account that only held a few dollars.
Ronald Page, 55, took advantage of a bank mistake that placed his account into a "pay all' status that allowed him to withdraw unlimited overdrafts, the U.S. Attorney's Office in Detroit said. And withdraw he allegedly did: From August 1 to 18 in 2009, Page hit the ATMs, mostly at casinos, and cashiers --for $1,543,104.
Page pled guilty on March 7 to theft of bank funds. His sentencing will take place on June 27. The U.S. Attorney's Office recommended 15 months in prison for Page and that the court order restitution to Bank of America for the $1,543,104.
No wonder BofA needs to charge all those fees!