Moron Exploits Computer Glitch and Spends Over a Million Dollars of Bank’s Money – IOTW Report

Moron Exploits Computer Glitch and Spends Over a Million Dollars of Bank’s Money

When he realized he had unlimited overdraft credit he spent it on cocaine, prostitutes and other luxuries.

NY Post –

Wannabe playboy Luke Moore lived the high life for two years before he was caught by cops and jailed on fraud charges.

The Australian treated himself to luxury holidays, an Aston Martin, a  Maserati and a boat while living the ultimate bachelor lifestyle.

But he was slapped with a four-year jail term last year after the banking glitch came to light.

Moore, 29, went free last week after winning an appeal of his conviction on the grounds that his actions were not deceptive.

He is now broke and living with his mother in Goulburn, New South Wales, ironically while studying to become a criminal lawyer.

But he told the Daily Telegraph he did not miss his lavish multimillionaire lifestyle “besides the cocaine, the strippers and fast cars.”

 

A computer error meant he was allowed to overdraw the account and spend a total of $1.5 million (AU $2.1 million).

But instead of telling the bank, he made increasingly large withdrawals and transferred the funds into multiple accounts.

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14 Comments on Moron Exploits Computer Glitch and Spends Over a Million Dollars of Bank’s Money

  1. Yep, I would have called the bank.
    I wouldn’t have any more money than I do now, but what little I have is mine and I wouldn’t have to stoop so low as to become an attorney. My integrity is priceless.

  2. I’m really glad that nobody accidently dropped one and a half million dollars in my bank account when I was in my 20’s. I wasn’t making the best decisions back then and I might have tried to figure out a way to keep it.

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