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Apparently a bank made the mistake of depositing $31,000 into a teenager's account. The teen then went on a spending spree and spent $20,000 of it before the mistake was discovered.
The bank is talking about pressing charges on the teen, even though it was their mistake.
When I was 18 I would have waited to see what happened. I was too dumb to know for a fact that the bank would catch the error, and hadn't developed enough integrity yet to do the right thing immediately. BUT I was plenty smart enough to know not to spend any of the money.
And, I speak from experience, as I did have this very thing happen to me many years ago. It was a significant amount of money, much more than the amount in this particular case. The financial institution will reverse their error and take the money out.
It's not illegal to have a financial institution erroneously deposit money into your account and it sits there untouched. They of course have the right to take it back out and they will.
It *is* illegal to withdraw or spend money that isn't yours, even if it got into your account erroneously. That's a big huge no-no. Therein lies the difference.
Won't work. Fraud, theft, restitution are not dischargeable. In fact, you'd possibly be adding bankruptcy fraud to your initial charges. Bankruptcy judges aren't stupid.
If I discovered an extra $31,000 in my account I would be bummed because I know the money is not mine and there's NO WAY the bank will overlook this and this error goes away. I would probably get it over with and contact the bank. How about a little reward?? I doubt this too.
-Cheers.
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