Man Withdrawals $1.5 Million After ATM Error, Gambles It All Away
When Ronald Page went to his local Bank of America ATM he planned on taking out a few dollars, instead on August 1, 2009 he was allowed to withdraw $312,000 because of an ATM bank account error. Later in the day Page returned and took out $51,727.
By the time August 18 rolled around and the mistake was finally caught Mr. Page had managed to withdrawal $1,543,103, putting his bank account into a serious case of overdraft.
Page, 55, will now spend up to 15 months in prison after agreeing to plead guilty to the theft of bank funding.
According t ABC News from February 2009 until August 2009 Ronald Page would take out money from various ATM locations and use the money for gambling, he would then deposit winnings into his account and withdrawal up to $50,000 for gambling purposes. Between December 2008 and May 2009 Page’s average balance was a measly $100.
Ironically Ronald Page first discovered the error at a local ATM located in Detroit’s Greektown Casino. Following his stroke of luck most of the man’s withdrawals happened at ATM machines in Detroit and Las Vegas casino’s.
Not only is Ronald Page being ordered to prison, the judge overseeing the case has demanded that he pay back the losses and he is prohibited from engaging in any type of gambling. The judge also prohibited Page from entering the premises of any gambling casinos, horse tracks, bingo parlors or dog races.
It is probably safe to say that Ronald Page should be ordered to Gambler’s Anonymous.
Do you think the judge did a good job in handing down a sentence to Ronald Page?
