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Wednesday, 14 December 2016
Man discovers bank accidentally placed no limit on his account,spends $2million on strippers, cocaine and fast cars'
An unemployed man who discovered his bank had accidentally allowed him an unlimited overdraft has won an appeal against his jail conviction.
Luke Brett Moore, 27, opened an account called 'Complete Freedom' with St George Bank in 2010 - and it gave him just that.Due to a technical glitch, the bank placed no limit on the amount he could be overdrawn.
Luke decided not to tell the bank and made 50 transactions over the next years to a total of almost $2million .Initially, he used it to pay his mortgage and general bills.
But then Luke realised he was able to make transfers of as much as $50,000 at a time.He bought a Hyundai Veloster and then drove from his home in Goulburn, New South Wales, to Sydney to pick up a $36,000 Maserati.
He then moved out to the Gold Coast, attempted to set up a business but spent much of his time partying.
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