Bank accidentally gives man $5 million

from JoeUser Forums

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The lesser-funded Lovell gave away some of the withdrawn money and blew some of it on gifts, but lost much of it on bad investments, prosecutors said.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

money bank confusion
2,672 views 8 replies
Reply #1 from Stardock Forums Top

The lesser-funded Lovell gave away some of the withdrawn money and blew some of it on gifts, but lost much of it on bad investments, prosecutors said.

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He knew it wasn't his yet he blew it on gifts and bad investments?

Nice. I think he belongs in prison.

 

Reply #2 from JoeUser Forums Top
Pretty dumb move on his part.
Star Control: Origins
Reply #3 from JoeUser Forums Top
Pretty dumb move on his part.
End of quote


Exactly.

Reply #4 from Stardock Forums Top

Nice. I think he belongs in prison.
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If only we could lock up all the stupids this easily.

Reply #5 from JoeUser Forums Top
Every bank I go to asks for your account number, and if you don't have it, your SSN. That way, they don't confuse you with someone else...
Reply #6 from Stardock Forums Top

Every bank I go to asks for your account number, and if you don't have it, your SSN. That way, they don't confuse you with someone else...

End of quote

That's all fine and good but bank clerks can still make mistakes.

 

Reply #7 from JoeUser Forums Top
Every bank I go to asks for your account number, and if you don't have
it, your SSN. That way, they don't confuse you with someone else...

That's all fine and good but bank clerks can still make mistakes.
 
End of quote


Even if a clerk did make a mistake the guy knew it wasn't his money.
Reply #8 from JoeUser Forums Top
That's all fine and good but bank clerks can still make mistakes.
End of quote


Not $2 million ones.