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ATM Lets Detroit Man Gamble Away $1.5M

From ABC News:

Detroit Man Gambled Away Over $1.5M After ATM Error

June 19, 2012

A Detroit man is facing 15 months in prison after he was able to withdraw unlimited ATM cash from his Bank of America account that only held a few dollars.

Ronald Page, 55, took advantage of a bank mistake that placed his account into a "pay all’ status that allowed him to withdraw unlimited overdrafts, the U.S. Attorney’s Office in Detroit said. And withdraw he allegedly did: From August 1 to 18 in 2009, Page hit the ATMs, mostly at casinos, and cashiers –for $1,543,104.

So not only are ATMs taking away people’s jobs, they are making them gamble. But, in reality, there is nothing in this article to indicate that Page "gambled away" the million and a half dollars.

But that is the state of journalism today.

Page, a retired worker after 30 years at General Motors, had maintained an average balance of about $100 in his account from Dec. 1, 2008 to May 31, 2009, according to his indictment.

Maybe he thought he had gotten an increase in his UAW pension. (Note that he seems to have retired in his early 50s.) Or maybe he thought this money was coming from ‘Obama’s stash.’

Remember, we are talking about a man from Detroit.

Page pled guilty on March 7 to theft of bank funds. His sentencing will take place on June 27… Court papers state that Page was a frequent gambler at casinos in the Detroit area and Las Vegas from January 2009 to February 2010.

Between February 2009 and August 2009, his Bank of America account was used primarily for gambling, a court document states, in which he would deposit his winnings and withdraw amounts from $2,000 to $50,000.

Then on August 1, because of the bank error, he withdrew $312,000 from ATMs at Greektown Casino in Detroit, then $51,727 the same day from MGM Grand Casino. Finally, on August 18, Bank of America placed a hold on his account when it was overdrawn by over $1.5 million, his indictment states.

So in a matter of 18 days Mr. Page ran up $1.5 million dollars in overdrafts. Are we sure he is not a politician?

But the party came to an end August 18, when his attempt to withdraw $52,000 from his account at Greektown Casino was denied. He also went to the Motor City Casino on August 19 and attempted to withdraw $51,400 from his account but was again denied.

Bank of America advised him on August 21, 2009 that his account was overdrawn by over $1.5 million and demanded immediate repayment. Page has not repaid Bank of America

Yes, he definitely sounds like he has a bright future ahead of him in politics.

The U.S. Attorney’s Office recommended 15 months in prison for Page and that the court order restitution to Bank of America for the $1,543,104

Which seems like a pretty mild punishment for trying to steal a million and a half dollars. Still, there are plenty of politicians walking around scot free who have done a lot worse.

They also recommended Page be prohibited from gambling activity, lotteries, or wagering of any kind and from entering the premises of any gambling casinos, horse tracks, bingo parlors, or dog races or wherever gambling activity is conducted

Why? He sounds like an ideal customer.

But, honestly, how was what Page was doing anything different from the people who use their EBT cards and other government handouts to bet in gambling casinos and race tracks? And people on government assistance are the primary customers in many of these places.

At least Mr. Page wasn’t using taxpayers’ money.

However, he probably could have a great future in the Democrat Party, if he wants a career change. He has already proven himself to be an expert at spending other people’s money, and running up overdrafts.

This article was posted by Steve on Friday, June 22nd, 2012. Comments are currently closed.

4 Responses to “ATM Lets Detroit Man Gamble Away $1.5M”

  1. GetBackJack says:

    Steve’s Comment for the Win

    Don’t even try, ya’ll.

  2. Tater Salad says:

    If I was also a betting man like this guy I’m placing $1,000.00 that Page will get a bailout of the $1.5 Million since he was a UAW worker who retired in his fifties. It was done before, similar circumstances, remember, ………….and with a very larger amount for a “bailout”!………..Which by the way,…………..has not been fully paid back!

  3. Rusty Shackleford says:

    Clearly, the ATM was racist.

  4. No problem. He simply writes the bank a note for the 1.5 million plus an extra million to make the payments. It’s all good. Move along.

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