A couple in Baton Rouge, Louisiana, were shocked to discover that $50 billion had been mistakenly deposited into their bank account.
Darren James told the local news that he recently received a strange phone call from his wife during which she asked him to sit down and then informed him that a huge amount of money had been transferred to their bank account. James immediately called the bank to report the matter and found out why the funds were deposited.
“It’s crazy just to see it, because I have never seen so many zeros in my life,” he said, according to BR pride“I don’t intend to keep it. The most confusing thing is that we don’t even know where it came from. We don’t know anyone with such money.”
The bank began to correct the error, but did not disclose the reason or source of the deposit of the $50 billion. Within a few days, the money disappeared from James’ account. The family showed a screenshot of the huge error to the outlet.
“It was put on hold. It showed up on Saturday to save money for our daughter. It stayed there on Sunday, Monday and Tuesday, and it was gone,” James said. “There is enough greatness in this world that we can all live a life we never thought of, so if I really have 50 billion dollars, I will bless others.”
The recipient of the wrong bank deposit has no right to keep the money. In most cases, financial institutions will find errors and cancel transactions. People who spend money may face criminal charges. Although the specific charges vary from state to state, in general, such cases will be considered theft and loss of property and the receipt of stolen goods.
In February, Charles Schwab mistakenly deposited $1.2 million into the account of Kelyn Spadoni, the Louisiana 911 dispatcher. According to the Jefferson Parish Sheriff’s Office, Schwab found that part of the funds had disappeared when he tried to recover the funds a day later.
Authorities said Spadoni quickly transferred the money to another account and used part of it to buy cars and houses. These actions led to her arrest on April 7 on charges of fraud and theft. The sheriff’s office stated that her job as a dispatcher was terminated on the same day.
In the lawsuit, Schwab explained that he intends to deposit $82.56 into Spadoni’s brokerage service account. He claimed that software malfunctions in financial institutions caused unexpected seven-figure deposits.