Wednesday, February 20, 2008

Money for nothing

You know, if I was a rich guy with a big account at Commerce Bank, I'd be thinking about moving my funds elsewhere right about now.
A man was charged with withdrawing $2 million from an account after a bank confused him with a man who has the same name. Benjamin Lovell was arraigned Tuesday on grand larceny charges. The 48-year-old salesman said he tried to tell officials at Commerce Bank in December that he did not have a $5 million account.

Lovell said he was told it was his and he could withdraw the money.

Prosecutors said the bank — which advertises itself as America's Most Convenient Bank — confused Lovell with a Benjamin Lovell who works for a property management company.

The lesser-funded Lovell gave away some of the withdrawn money and blew some of it on gifts, but lost much of it on bad investments, prosecutors said.
Dude, if you know you don't have millions of dollars in the bank, but they tell you that you do, someone's made a serious mistake. And if you take that money, there are probably going to be some negative consequences down the road.

Dumbass.

Oh, and if you work at a bank, and one of your customers tells you they're pretty sure they don't have millions of dollars in their account, it's a pretty safe bet that they don't.

Dumbass.

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