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Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

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Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

Old 09-09-19, 12:38 AM
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Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

Bank accidentally deposited $120,000 in a couple’s account. They spent most of it, then got charged with theft.

Imagine waking up one day to find an extra $120,000 in your bank account. You did not make $120,000 or win $120,000, but there it is, $120,000, just sitting there. Cool!

What would you do with all that cash? Pay off the mountain of student loans you’d otherwise be stuck with till you die? Buy a house? Buy a car? Buy this weird-looking rich-people furniture?

Maybe you should call the bank and find out what’s going on?

Yeah. Yeah, you definitely should call the bank.

Robert and Tiffany Williams of Montoursville, Pa., did not call the bank, police say.

When a non-hypothetical $120,000 intended for a business was accidentally transferred into their BB&T bank account because of a teller error, the couple splurged on a camper, a Chevy and a race car, state trooper Aaron Brown told the Williamsport Sun-Gazette. Authorities say they also distributed $15,000 to friends who needed the money.

All told, they spent $100,000 in about two and a half weeks, WNEP reported.

Eventually, though, the bank contacted them on or around June 20 after sending the money to the correct account. The bank notified Tiffany Williams, 35, that they were responsible for returning all the funds, Brown told the Sun-Gazette. He added that the withdrawal resulted in a $107,416 overdraft because the couple’s bank account had only $1,121 in it before the accidental windfall.

BB&T Bank did not immediately respond to a request for comment.

Tiffany first assured the bank she would work out a repayment plan with her husband, but she eventually ceased communications, WNEP reported.

“That is kind of shocking, with all the procedures the banks have set up, checking and double-checking and triple-checking, there’s no way anybody gets away with that stuff,” Nate Weaver, a neighbor of the Williamses, told WNEP.

The Sun-Gazette reported that the couple, in separate interrogations, told police that they “admitted to knowing the mislaid money did not belong to them, but they spent it anyway.”

The Williamses could not be reached immediately, and it was unclear whether they had retained legal counsel.

The couple now face three felony charges of theft and receiving stolen property, court records show. They appeared in court last week and posted bail of $25,000 each. The Pennsylvania State Police could not immediately comment on the case to The Washington Post.

Source
That's a great fuck up on the bank's behalf but I would not be the type to get so excited and go on a spending spree. I would have to find out the reason why I got such a massive deposit before I spent. Otherwise it is theft.

I know that banks allow customers to keep the money that an ATM withdrawals based on a glitch...but this other story does not fall on the same premises.
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Old 09-09-19, 01:05 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

The quickly spent the money because they knew what they were doing was wrong. So you play those stupid games and you win stupid prizes. Do they still make license plates in prison? At $.10 a plate they should make up that money in no time.

Also my dad got an extra $20 in an ATM once and the bank contacted him the next day and told him he could either return the $20 or they'd take it out of his account. So I'm not sure all banks let you keep money from an ATM error. (It was a long time ago though).
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Old 09-09-19, 01:09 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

The couple don’t sound like the brightest people out there. Stupid that they went on a spending spree and used that much of what was mistakenly put into their account. I can’t believe they would think no one would notice that large of a sum was missing and not trace it down eventually. They might have even gotten a little based on the mistake but now they’ve just screwed themselves, especially when it sounds like they didn’t have much of a savings to begin with.
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Old 09-09-19, 04:52 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

I hope they enjoy prison. They're truly mentally defective. Who has only $1121 in a bank account? Someone who can't manage money well and / or can't keep a job or doesn't have a job to begin with. Even a mentally retarded person should have known that it's ridiculously easy for banks to track them down. I'm surprised it took (at least) 2 1/2 weeks.

As a good will measure, the bank may have even offered these dumbasses a "good samaritan" bonus if they'd immediately reported the error. Maybe, to save face.

In any event, hopefully they get weeded out in prison for their dire stupidity.
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Old 09-09-19, 06:54 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

This reminds me of the John Candy/Steve Martin exchange in Planes, Trains and Automobiles when there's a credit card mix up and Martin's card winds up in Candy's wallet.

"I thought you put it there."

"WHY would I put it there?!"

"Kindness?"

"KINDNESS?!"
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Old 09-09-19, 07:15 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

Originally Posted by zyzzle View Post
Who has only $1121 in a bank account? Someone who can't manage money well and / or can't keep a job or doesn't have a job to begin with.
Eh, a lot of people work 40 hours a week and only earn around $15,000 a year ($7.25 minimal wage x 40 hour work week x 52 weeks = $15,080) before taxes or anything is taken out of it. Actual take home pay is much less obviously between taxes, retirement, and insurance. This is also on the assumption they're working with an employer who would work them 40 hours. Around here max is often 32 hours because they didn't want to have to provide insurance and stuff. So having ANY money at all in the bank is a dream for people. I know lots of people who don't even have bank accounts despite working multiple jobs.

There was a time just a few years ago I was making $8.35 an hour working as a dish washer at a local hospital 32 hours a week. My take home for the entire month was around $800 and $425 of that went towards daycare cost for my one daughter. Try making ends meet with $375 left for the month and still put something in the bank. That's before taking out for gas to get back n forth to work for the month, and yet $375 isn't enough to rent a place or even just pay the utilities. During this time I was searching for something with more hours and better pay as I had to move back in to my moms place as obviously I wasn't making anywhere near enough to pay rent when the cheapest 1 bedroom apartment was going for $850 a month.

Luckily I was only working at the hospital for about 6 months before I found a job as a Groundhand for a Lineman running fiber-optic cable. Had to up and move about 14 hours away but was definitely worth it. My new employer paid my hotel stay until I could recoup and pay it back. As a Groundhand I was making more in a couple days than I was in a whole month of dishwashing before and after about 2 months was finally able to get enough cash flowing to get out of the hole and get my own place. Not everyone is that fortunate though; some one still has to work those minimal wage places.

So no, your assessment that people that don't have money must either not be able to manage it or don't have a job in the first place is not always the case. Minimal wage is just so abysmal and there aren't enough better paying jobs to go around.

My mom works as a health insurance overpayment telemarketer, not sure what the official title is, but she works in a call center and calls hospitals to get them to pay back overpayments paid to them by insurances. She makes $12.50 an hour plus bonuses. So her bring home every month is around $2,000 to $2,500 after 401k, taxes, and insurance. She owns her house so no rent to pay luckily because even without that she often is barely scraping by. $500 truck payment, $500 childcare for my nephew that she is raising, $450 for utilities (electric, water, trash, and sewage), $400 for fuel in her truck, and that leaves about $150 for food for the two of them. Yet she manages to put back money when she can. Once she gets her 2015 truck paid off she'd certainly be in a better predicament, but I believe she still has about 3 or 4 years to go on that.

I find it a bit strange that Google says the national average income was almost $60,000 (at 40hrs a week that comes out to nearly $29 an hour). Shoot my dad has been working as a manager for O'reilly Auto Parts for nearly 30 years and doesn't even earn but about $53,000 after his numerous pay raises through the years. So I find it really hard to believe that the average across the nation would be nearly 4 times more than minimal wage; especially considering how hard pressed it is to find a job that pays more than $10 an hour where I grew up. Hell Walmart employs a big part of the nation and yet most Walmart employees are on government assistance. I have a friend who is a single mother who works at Walmart and has been there for over 15 years and after all their "raises" only makes $12 an hour and is on food stamps & medicare. The national average is clearly that high because millionaires offsetting it and doesn't reflect what the average American actually is earning.

Last edited by Koby; 09-09-19 at 07:25 AM.
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Old 09-09-19, 07:15 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

They spent money that was not theirs.

Lock them up.
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Old 09-09-19, 07:17 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

I'm going to go out on a limb here and just say that spending money that you know is not your is theft.
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Old 09-09-19, 07:20 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

Originally Posted by zyzzle View Post
I hope they enjoy prison. They're truly mentally defective. Who has only $1121 in a bank account? Someone who can't manage money well and / or can't keep a job or doesn't have a job to begin with. Even a mentally retarded person should have known that it's ridiculously easy for banks to track them down. I'm surprised it took (at least) 2 1/2 weeks.

As a good will measure, the bank may have even offered these dumbasses a "good samaritan" bonus if they'd immediately reported the error. Maybe, to save face.

In any event, hopefully they get weeded out in prison for their dire stupidity.
A lot of people only have $1100 in their account, and that's probably just after their paycheck is deposited. I know the average national bank account is around 10K, but that's just an average and is using hundreds of millionaire balances which offset the reality that many people in the US...are living paycheck to another.

Why do you think these paycheck loan companies are thriving. It's because Americans are living paycheck to the next, and prey on the lower class and poor.
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Old 09-09-19, 07:41 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

This reminds me of the guy that more or less made his carreer on cashing a junk mail check for 95K and holding the money hostage for a little while after the bank cashed it and missed the deadline for flagging it as a fake check...

https://www.sfgate.com/news/article/...il-2588766.php
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Old 09-09-19, 08:17 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

OP's thread title is missing like the most crucial information: that they spent the money. Not even a ... between the two statements.
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Old 09-09-19, 09:35 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

Monopoly taught me that a bank error in your favor results in a reward.
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Old 09-09-19, 09:42 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

Originally Posted by zyzzle View Post
Who has only $1121 in a bank account?
Mingling with the commoners? if this is a checking account then lots of people.
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Old 09-09-19, 09:49 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

PS: as every Otter who recalls my Bank of America rant knows, I hate banks. But this couple was clearly in the wrong.
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Old 09-09-19, 10:02 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

Originally Posted by Mabuse View Post
Monopoly taught me that a bank error in your favor results in a reward.
I'd forgotten about that!

I wonder, statistically, if banks accidentally give people amounts of, say, an extra $50 here and there, do they let it go as the cost of doing business, but then a giant amount like this gets looked into, I don't know.
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Old 09-09-19, 10:09 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

Originally Posted by Mabuse View Post
Monopoly taught me that a bank error in your favor results in a reward.
So does passing GO. Where is that exactly?
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Old 09-09-19, 10:21 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

Originally Posted by zyzzle View Post
I hope they enjoy prison. They're truly mentally defective. Who has only $1121 in a bank account? Someone who can't manage money well and / or can't keep a job or doesn't have a job to begin with.
For many years, I had less in the bank. I had a job, it was called the U.S. Navy. You all want a military but you don't want to pay the members.
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Old 09-09-19, 10:28 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

Originally Posted by story View Post

I wonder, statistically, if banks accidentally give people amounts of, say, an extra $50 here and there, do they let it go as the cost of doing business, but then a giant amount like this gets looked into, I don't know.
I work in the industry and most of my job requires me to move money around for clients. This kind of stuff does happen a lot and while some people will get lucky here and there, it's almost always caught and corrected, regardless of amount. Most of the errors are caused by an account number getting a fat finger either by the person processing the funds or by the client. Since there is someone on the other side anticipating the money, the bank picks up on it rather quickly and fixes it.

If you're on the receiving side of this bank error, the right thing to do is either call the bank and tell them or just ignore it (it'll usually take care of itself). If you want to be loose with those morals and want to roll the dice, don't steal money you can't afford to pay back.
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Old 09-09-19, 10:46 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

If they intended to keep the money, wouldn’t the best thing to do was somehow withdraw the money and close the account?

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Old 09-09-19, 10:47 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

So stupid.Lock them up! But if they just had to go blow it all. They might as well, should of just take it to the casino and lay it all on black. At least this way they have a chance for the money along with paying it back.
But yeah, really not smart. Of course the bank will come for it.
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Old 09-09-19, 10:48 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

I saw this too, and my thought was to put the money somewhere where it could earn interest, like a CD or something (but I'm sure the error would be detected long before it matured).

If something like that happened, would you be able to keep the interest?
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Old 09-09-19, 10:48 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

Originally Posted by zyzzle
Who has only $1121 in a bank account?
Really? Haven't you ever seen the results of polls asking people stuff like if they have a $1000 in the bank in case there is an emergency? A staggering amount of people do not.

Originally Posted by Mabuse View Post
Monopoly taught me that a bank error in your favor results in a reward.
First thing I thought of when I read this story.

Anyway, these folks don't strike me as that bright, but deserve whatever they get for doing something so stupid and dishonest like this.
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Old 09-09-19, 11:14 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

Originally Posted by Deadman31 View Post
If they intended to keep the money, wouldn’t the best thing to do was somehow withdraw the money and close the account?
Yes, if the amount is small enough that the bank won't pursue you. The bank has all your personal information and they could go after you if they chose to do so.

Originally Posted by Paff View Post
I saw this too, and my thought was to put the money somewhere where it could earn interest, like a CD or something (but I'm sure the error would be detected long before it matured).

If something like that happened, would you be able to keep the interest?
Chances are that the money wouldn't sit in your account long enough to earn any interest but if it did they could pull that too. CD's have early withdrawal penalties and you best bet that they'll nail you with those if you opened a CD with money that wasn't yours.
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Old 09-09-19, 11:27 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

I can't recall how long it takes for an interest-accruing savings account, like Ally, to start generating interest. I assume it's payed out monthly, but if it's daily, and starts immediately, they could have had at least a couple of weeks to make a little bit. Personally, if I saw that happen, I'd be calling the bank ASAP.
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Old 09-09-19, 11:56 AM
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Re: Bank accidentally deposited $120,000 in a couple’s account. Couple charged with theft.

Originally Posted by zyzzle View Post
Who has only $1121 in a bank account? Someone who can't manage money well and / or can't keep a job or doesn't have a job to begin with.
Holy crap, judgmental much? Someone who invests heavily and redirects their cash flows into passive income programs is only going to keep just enough money in a basic checking account to cover bills and day-to-day expenses.
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