This Australian made over $2.1 million from technical glitch
A technical glitch in bank allowed an Australian man unlimited overdraft on his bank account, causing him to spend over $2.1 million
A technical glitch in bank allowed an Australian man unlimited overdraft on his bank account, causing him to spend over $2.1 million.
Luke Moore, who was in his 20s when the glitch occurred, spent the money on luxury cars, drugs and women until the bank noticed the error. The financial institution reported Moore’s spending to the authorities, who jailed him for obtaining financial advantage by deception and living off the proceeds of a crime.
An appeal made by the Supreme Court of New South Wales this week cut Moore’s sentence from seven years to five months, allowing him to walk free in a lot of debt.
The 29-year-old has now gone back to university, claiming that he doesn’t miss the rich lifestyle.
“Would I do it again? No. I enjoyed driving around in flash cars with no shirt, no shoes and with the wind in my hair… I’ve had to give everything back… but I’m happier this way as I’ve realized my family and friends are my biggest treasures,” he told local media.