Bank error prompts young guy to splurge on cars and hookers!
Bank error prompts young guy to splurge on cars and hookers!
Author
Discussion

MitchT

Original Poster:

17,157 posts

239 months

Wednesday 14th December 2016
quotequote all
Come, which one of you was it? hehe

http://www.bbc.co.uk/news/magazine-38308842

stitched

3,813 posts

203 months

Wednesday 14th December 2016
quotequote all
Given the chance in my 20's
Probably

joshleb

1,550 posts

174 months

Wednesday 14th December 2016
quotequote all
Reading this earlier, fair play to the guy for using this as an opportunity to change his life and make a difference from it.

Must have been a wild couple of months!

gruffalo

8,172 posts

256 months

Wednesday 14th December 2016
quotequote all
Knowing what I was like in my early 20's there is a very strong possibility I may have died of physical exhaustion;-)


bitchstewie

68,091 posts

240 months

Wednesday 14th December 2016
quotequote all
"The bank lent me $2m" is an interesting spin vs. "I kept spending money I didn't have and it's their fault for letting me".

What a tool.

Atomic12C

5,180 posts

247 months

Wednesday 14th December 2016
quotequote all
A tool maybe, but an excellent tool wink

As the guy now reads up on the law and they quashed his conviction, he had no obligation to inform the bank it would seem. So yeah, why not spend it if the bank fails in its own rules for checking up on where they send the cash?

If the law is the same here in the UK, I'd do similar. I'd be out spending on cars and other luxuries.


iphonedyou

10,422 posts

187 months

Wednesday 14th December 2016
quotequote all
Atomic12C said:
A tool maybe, but an excellent tool wink

As the guy now reads up on the law and they quashed his conviction, he had no obligation to inform the bank it would seem. So yeah, why not spend it if the bank fails in its own rules for checking up on where they send the cash?

If the law is the same here in the UK, I'd do similar. I'd be out spending on cars and other luxuries.
You wouldn't, though.

You'd almost certainly realise it's other people's money you'd be spending, and you'd decide not to be a total dick.

I have faith in you!

walm

10,644 posts

232 months

Wednesday 14th December 2016
quotequote all
iphonedyou said:
You'd almost certainly realise it's other people's money you'd be spending, and you'd decide not to be a total dick.
It was a bank's money.
AUD2m is a complete rounding error for the AUD108bn market cap of Westpac (the parent of St George's).
I am not sure you get closer to a victimless crime than this.
Although I guess someone lost their job, perhaps.

Murph7355

42,012 posts

286 months

Wednesday 14th December 2016
quotequote all
walm said:
It was a bank's money.
AUD2m is a complete rounding error for the AUD108bn market cap of Westpac (the parent of St George's).
I am not sure you get closer to a victimless crime than this.
Although I guess someone lost their job, perhaps.
There is no such thing as victimless crime. And it is not the bank's money.

walm

10,644 posts

232 months

Wednesday 14th December 2016
quotequote all
Murph7355 said:
walm said:
It was a bank's money.
AUD2m is a complete rounding error for the AUD108bn market cap of Westpac (the parent of St George's).
I am not sure you get closer to a victimless crime than this.
Although I guess someone lost their job, perhaps.
There is no such thing as victimless crime. And it is not the bank's money.
Yes it is.
This would be written off as bad debt, like all the other unpaid overdrafts.
That would reduce the equity at the bank.

They haven't taken Granny Doris's savings and given them to this fella.
They aren't writing to Doris explaining that her savings balance is lower now because they screwed up!!!!

BoRED S2upid

21,071 posts

270 months

Wednesday 14th December 2016
quotequote all
I'd have done exactly the same even if I knew there might be a possibility of 2 years hard time £2million for 2 years inside studying law. Most people spend money studying law this guy did it for free and used his knowledge to great effect.

FredClogs

14,041 posts

191 months

Wednesday 14th December 2016
quotequote all
BoRED S2upid said:
I'd have done exactly the same even if I knew there might be a possibility of 2 years hard time £2million for 2 years inside studying law. Most people spend money studying law this guy did it for free and used his knowledge to great effect.
Are you allowed to practice law if you've got a record for a serious crime like this?

I'd do the same now to be honest but I wouldn't spend the money on coke and hookers, I buy something a bit more permanent.

ATG

23,817 posts

302 months

Wednesday 14th December 2016
quotequote all
FredClogs said:
Are you allowed to practice law if you've got a record for a serious crime like this?

I'd do the same now to be honest but I wouldn't spend the money on coke and hookers, I buy something a bit more permanent.
His conviction was overturned. Judge said although he had a clear moral situ to tell the bank, he didn't have a legal obligation to do so.

So you've got to pick a crime that you'll get wrongly convicted of, study like a bd, then explain to the beak why you should nevet have been sent down in the first place. Not perhaps the world's most reliable plan for personal development.

Funkycoldribena

7,379 posts

184 months

Wednesday 14th December 2016
quotequote all
FredClogs said:
I'd do the same now to be honest but I wouldn't spend the money on coke and hookers, I buy something a bit more permanent.
A brothel?

Einion Yrth

19,575 posts

274 months

Wednesday 14th December 2016
quotequote all
Funkycoldribena said:
FredClogs said:
I'd do the same now to be honest but I wouldn't spend the money on coke and hookers, I buy something a bit more permanent.
A brothel?
Coca plantation?

FredClogs

14,041 posts

191 months

Wednesday 14th December 2016
quotequote all
Einion Yrth said:
Funkycoldribena said:
FredClogs said:
I'd do the same now to be honest but I wouldn't spend the money on coke and hookers, I buy something a bit more permanent.
A brothel?
Coca plantation?
ha ha... sounds like a plan.

Pesty

42,655 posts

286 months

Wednesday 14th December 2016
quotequote all
I'm sure He wouldn't have buried a stash somewhere

Esseesse

9,027 posts

238 months

Wednesday 14th December 2016
quotequote all
Funkycoldribena said:
FredClogs said:
I'd do the same now to be honest but I wouldn't spend the money on coke and hookers, I buy something a bit more permanent.
A brothel?
Something abroad somewhere without an extradition treaty?

Road2Ruin

6,520 posts

246 months

Wednesday 14th December 2016
quotequote all
walm said:
Murph7355 said:
walm said:
It was a bank's money.
AUD2m is a complete rounding error for the AUD108bn market cap of Westpac (the parent of St George's).
I am not sure you get closer to a victimless crime than this.
Although I guess someone lost their job, perhaps.
There is no such thing as victimless crime. And it is not the bank's money.
Yes it is.
This would be written off as bad debt, like all the other unpaid overdrafts.
That would reduce the equity at the bank.

They haven't taken Granny Doris's savings and given them to this fella.
They aren't writing to Doris explaining that her savings balance is lower now because they screwed up!!!!
Eh?
Do you not grasp the concept that the bank has to be owned by someone? Whether share holders or someone else. Ultimately someone has lost money, writing it off as you say doesn't make it magically re-appear!

Murph7355

42,012 posts

286 months

Wednesday 14th December 2016
quotequote all
Road2Ruin said:
walm said:
Murph7355 said:
walm said:
It was a bank's money.
AUD2m is a complete rounding error for the AUD108bn market cap of Westpac (the parent of St George's).
I am not sure you get closer to a victimless crime than this.
Although I guess someone lost their job, perhaps.
There is no such thing as victimless crime. And it is not the bank's money.
Yes it is.
This would be written off as bad debt, like all the other unpaid overdrafts.
That would reduce the equity at the bank.

They haven't taken Granny Doris's savings and given them to this fella.
They aren't writing to Doris explaining that her savings balance is lower now because they screwed up!!!!
Eh?
Do you not grasp the concept that the bank has to be owned by someone? Whether share holders or someone else. Ultimately someone has lost money, writing it off as you say doesn't make it magically re-appear!
Boom!

Walm sounds like a reasonable, logical guy most of the time. And then condones "victimless" crime. Weird.