Couple Spend Nearly All Of $120,000 Mistakenly Deposited In Their Bank Account

September 9, 2019

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If you ever wondered what would happen if you had a bank error in your favor, and you spent it, you'll be arrested and charged with felony theft. Robert and Tiffany Williams of Pennsylvania had an unexpected windfall on May 31st, when they checked the balance in their checking account and there was an extra $120,000 available. The couple went on a gigantic spending spree during the first two weeks of June. The couple used some of the money to make a down payment on a SUV, they bought a camper, a car trailer and a race car.  Additionally they paid their bills and gave out $15,000 to their friends who needed it and never once questioning the extra funds.  However a bank teller had mistakenly placed the $120,000 deposit into the Williamses account instead of the investment firm it was intended.  The error was corrected on June 20, resulting in an overdraft of $107,417. Before the error, the couple had just over $1,000 available. The bank notified Tiffany Williams and told her she and her husband were “responsible for the return of all the funds," according to the police report.  Mrs. Williams told bank officials that she no longer had the funds because she had already paid off bills. She told the bank her husband had spent a great portion of the funds and purchased a four-wheeler. She said she would speak to her husband and attempt to construct a repayment agreement. The couple admitted to police that they knew the money did not belong to them, but spent it anyways. The two were arraigned last week before District Judge Gary Whiteman on felony charges of theft and receiving stolen property, and released on $25,000 bail each.

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SOURCE: Williamsport Sun-Gazette

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