I still get a regular stream of comments on my old post on handling a bank error in your favor. Many are people who also got some money by accident and are looking for advice. Then I saw this AP article “Pa. couple spent windfall from bank error” posted at FW, which is a good lesson on what not to do:
A Pennsylvania couple is behind bars after police say they failed to call the bank when a glitch put an extra $175,000 in their account. Authorities say 50-year-old Randy Pratt and 36-year-old Melissa Pratt instead withdrew the money, quit their jobs and moved to Florida. They were buying a house in the Orlando area when the mistake was traced.
The two were arraigned Tuesday on theft and other charges and jailed in lieu of $100,000 bail. A public defender was being assigned.
A $1,772.50 deposit showed up in their FNB Bank account last summer as $177,250. Police say Melissa Pratt said her husband, a roofing installer, often got large checks and she wasn’t aware of any error.
Gotta love their excuse. Did he think he re-roofed the White House in his sleep or something?
By Jonathan Ping | General | 1/14/09, 10:26pm