Detroit Man Blew $1.5 Million At Casino After Credit Card Glitch

· June 15, 2012

A Detroit man blew $1,543,104 at the casino following a credit card glitch which allowed him unlimited withdrawals.

In August 2009, while stopping off at an ATM on his way to a Motor City casino, retired General Motors worker Ronald Page discovered he was able to make unlimited withdrawals with his cash card, despite having just a few hundred dollars in his Bank of America account.

Subsequently, the 56 year old proceeded to go on a 15 day gambling bender during which time he withdrew and gambled away $1.5 million before the bank finally realized what was happening.

Amongst the casinos which Ronald Page withdrew money from included Greektown Casino for $312,000, MGM Grand Casino for $103,000 and Motor City Casino for $514,000.

Following the incident, Mr Page has been convicted of theft and is now awaiting sentencing on June 27th. However, prosecutors are recommending a lenient sentence of 15 months in jail for Ronald Page,as they believe he

“had a lapse of judgment and the bank was at fault for allowing this to happen.”

Apparently, in 2004 Ronald Page initially opened an account at LaSalle Bank, which was subsequently acquired by Bank of America in 2008. The indictment then explains that this is when the bank unlimited cash withdrawals and overdrafts error occurred.

After Bank of America discovered withdrawals ranging from $51,477 to $515,000 at various Detroit casinos cash dispensing machines, Mr Page had his cash card finally declined, before receiving a call from the bank demanding immediate repayment. Thus far, as the indictment explains “no money has been returned to the bank.”

Cases of cash dispensing machines going wrong are not rare and happen all around the world. In 2009, a gas station in Greater Manchester, UK, started handing out double the money requested after being incorrectly loaded by a Nationwide contractor. It was then swamped by hundreds of customers before the glitch was discovered by which time around £10,000 in extra money had been paid out. As a Nationwide contractor commented at the time:

“It is disappointing no one reported the matter earlier in the day when lots of people were aware and it is disappointing some people were deliberately using the machine to take extra money. Legally, recipients of payments made by mistakes are not enti*led to benefit from it.”

Source

What would you have done?

  • Simba

    I don’t see why he should be locked up due to the incompetence of the bank.

    Hell, for all he knew, someone might have made a generous donation to his bank account on behalf of him being a good person.

    Still, had it happened to me I woulda cashed out instead of gambling it away. I woulda stashed that money and say I didn’t know of its whereabouts or that I spent it if/when they caught me. Do my time and come out a rich man.

    • Pyrex

      Banks are never accountable for there actions. Mortage crises shown us that.

      • MoorFed

        Yea he shouldn’t do a day because that aint his fault. Them banks print money from thin air and the ones that don’t still spending bailout money and still getting bailouts. They’re fault. My man’s an idiot. Dummy should of been set for the rest of his life.

        • jamar

          this n!gga needs to go to jail for being stupid…how in the hell you gonna gamble away that much doe.

          • MoorFedayeen

            Now that I agree with. Lock his azz up for being dumb

          • a55town

            He is not dumb, but his plan didn’t work out well.
            If you think about it, he was trying to flip the money quickly because he knew they would ask him to return the funds. If he could have hit a major jackpot @ the casino then he would have made a free come-up and have been able to return their ends.

          • Brooklyn718

            Co-sign!!!!

  • TYBO2020

    MADE A NICE WITHDRAWAL AND LEFT THE COUNTRY..
    OR CITY/STATE AT LEAST..

  • 20/20

    I would have taken a little something couple hundred but not a million worth lol sometimes people really get carried away

    • queso BP.1

      Yea people do get carried away. He shoulda known dam well he was gonna get caught. Tryna make a come up in that casino. Smh shi# don’t work like that. That casino got niccas pawning wedding rings and all types of shi# tryna make a come up.

      • Now Thats Pcp

        Whats crazy is he already came up without gambling from the bank glitch, he was just a dumb greedy old geezer without a plan …a stupid moment in Y.O.L.O history

  • Greg4422

    I do 15 months in prison for 1.5 million dollars.

  • presto 2.0

    …”is that nicca cryin?”…lol

  • yeahsucka

    I dont blame him, fock these banks/credit card companies