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Teen Gets $31K in Bank Error, Goes Shopping
Unfortunately, the bank wants the money back
By Newser Editors and Wire Services
Posted Mar 27, 2014 12:24 PM CDT

(Newser) – Quick, what do you do if your bank mistakenly deposits $31,000 into your account? Well, if you're 18, you set about spending every last penny as fast as humanly possible, apparently. The Athens Banner-Herald reports that a local teen is in trouble after sheriff's deputies say he tried to do just that. So far, no charges have been filed, but the bank wants its money back, and the teen is working on it.

The trouble began when someone deposited $31,000 and called the bank afterward when it failed to show up in his account. The bank realized it mistakenly put the money into the account of the teen, who has the same name. By then, however, he had spent $5,000 with his ATM card and withdrawn another $20,000 in cash. He initially told the bank and deputies that the money was his through an inheritance before promising to work out a deal with the bank. "Alas, he has yet to make good on that promise and now officials are considering whether or not to prosecute," says the Consumerist.

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Katy Young
Mar 29, 2014 6:52 PM CDT
The bank messed up big time. I think they should take the brunt of the loss.
Mar 29, 2014 4:16 PM CDT
This kid needs to be prosecuted, he knew what he was doing,unforchantly when you come of age the law looks at you as an adult,even though you still act like a degenerate,the law thinks differently.Welcome to the age of adulthood
Mar 28, 2014 1:40 PM CDT
Stupid kid. He knew it wasn't his. He just committed bank robbery when he took money that belongs to someone else. It's a crime, it's a sin and it's damn morally wrong! If he had told them about the goof and they insisted they were RIGHT. That's different. But try and do the right thing first.