Bank Lets Wrong Man Withdraw $2M

[ware4me]

A man was charged with withdrawing $2 million from an account after a bank confused him with a man who has the same name. Benjamin Lovell was arraigned Tuesday on grand larceny charges. The 48-year-old salesman said he tried to tell officials at Commerce Bank in December that he did not have a $5 million account.

Lovell said he was told it was his and he could withdraw the money.

Prosecutors said the bank _ which advertises itself as America's Most Convenient Bank _ confused Lovell with a Benjamin Lovell who works for a property management company.

The lesser-funded Lovell gave away some of the withdrawn money and blew some of it on gifts, but lost much of it on bad investments, prosecutors said.

The district attorney's office did not immediately have information on his lawyer. Calls left with Commerce Bank on Wednesday were not immediately returned. SOURCE: AP

[stukasa]

Wow, I wish I had the same name as someone rich!

That guy was wrong for keeping and spending the money. He obviously knew the money wasn't his despite what the bank said and he shouldn't have spent it like that. Didn't he realize that sooner or later they'd figure out what happened and correct their mistake? Talk about not thinking ahead..!

[ware4me]

Yeah, I guess he should have keep quiet and never say a thing.

*evil4me has spoken!*

[zefiris]

really nice, too bad he couldn't keep his mouth shut. If it were me, I would withdraw all of my money and closed my account. After that, I'll store it in item (gold).

stukasa: it's human mistake, punish them by taking full advantage of it is not that bad.

pain for the real owner and joy for stranger, that is something really messed up.