Tuesday, June 19, 2012

Detroit Negro gambles away $1.5 million accidentally given by ATM

I thoughts it was FREE OBAMA MONEY! I am so use to getting free government money, I just thought Obama filled the ATM for me!

Ronald Page seemingly had it made when Bank of America unintentionally changed his account status, allowing the 55-year-old man to make unlimited ATM cash overdraft withdrawals.

But ABC News reports that Page, who in reality had only $300 in his checking account, used the accidental loophole to withdraw more than $1.5 million—losing it all on gambling.

And even worse for Page, the U.S. Attorney's Office in Detroit says he is now facing 15 months in prison after pleading guilty to charges of theft of bank funds, $1,543,104 in total between December 1, 2008 and May 31, 2009.

"In this case, the bank's glitch allowed the defendant to lose a significant amount of money that was not even his in the first place," reads the U.S. Attorney's sentencing memorandum, obtained by ABC. "The fact that defendant acted on an impulse does not minimize the seriousness of his conduct and the need for a custodial sentence."

The day the Bank of America glitch went into effect, Page reportedly withdrew $312,000 from ATMs at the Greektown Casino in Detroit and an additional $51,727 from the MGM Grand Casino. Bank of America placed a hold on his account 17 days later, but he had already withdrawn $1.5 million by that point.

The glitch reportedly occurred because Page originally had a banking account with LaSalle Bank. When Bank of America acquired LaSalle, the glitch somehow occurred while the two banking institutions were transferring account information.

Page, who does not have a prior record, could have faced a steeper sentence but prosecutors said his crime was a "lapse of judgment" and placed blame with Bank of America for allowing the withdrawals to take place.

In addition to the recommended 15-month sentence and order to repay the funds, the U.S. Attorney's Office has suggested that Page be prohibited from gambling in any capacity.

"If his gambling addiction is not addressed, he is very likely to cause further financial hardship to himself and his family," the memorandum reads.

10 comments:

Aldo Raine said...

So this comes out to about what?? A month for every 100K he dropped on the craps table?

That's almost on par for your sergeant getting 12 years in the pokey for skimming a million samoleons from fellow officers.

Only the Mudman won't have to worry about how many cocks he'll have to dodge every waking minute.

Aldo Raine

Anonymous said...

"and ordered to repay the funds"

now thats a dream.

Anonymous said...

If he is in jail how the fuck is he gonna pay it back? Also he is black so bye bye $$$$

Anonymous said...

Where the fuck is the firing squad!!!

Anonymous said...

""placed blame with Bank of America for allowing the withdrawals to take place""

So if the Negro had used a Gun it would have been the Bank's Faylt for not fighting Him off??

Out of the car Motherfucker!!! said...

The first clue should have been a nigger using an ATM!!! Nigger at ATM =Stolen card!!!!

Anonymous said...

Repay the funds?

Guess he is going to try his luck at all the other ATMs in town. How else would he hope to get the money he needs to pay back his debt?

Anonymous said...

Ahhh...The Duke..I do love him so!

Anonymous said...

"Page, who does not have a prior record, could have faced a steeper sentence but prosecutors said his crime was a "lapse of judgment" and placed blame with Bank of America for allowing the withdrawals to take place."


Damn evil banks. How does a nigger manage to blow 1.5 million dollars that fast?

All we know for sure is that somehow this is whiteys fault, Ronald Page's great, great, great, great, great, great, great, great, great, great, great, great, great, grand nigga pappy was a slave and this money was reparations.

I Voted For Obama said...

Ronald Page voted for Obama, then asked him where the nearest cash machine was.