A woman named Spadoni has been arrested for failing to return the accidental deposit of $1.2 million into her bank account. The incident took place in Louisiana and has garnered significant attention.
The woman refused to give back the accidental $1.2M that mistakenly transferred to her bank
According to reports, the money was mistakenly transferred to the woman's brokerage account by financial services company Charles Schwab.
Instead of the intended transfer of $82.56, a whopping $1,205,619 was transferred. Although the company attempted to reclaim the funds, their efforts were unsuccessful.
It is alleged that the woman quickly moved the money to another account and used a portion of it to purchase a house and a new car with a value ranging from $48,000 to $70,000.
The company's attempts to contact her were in vain, leading them to involve the authorities.
They apparently reached out to the bank that handled the account where the money was mistakenly sent but received a message stating that the cash was not available.
Spadoni was arrested for indenting to occupy Charles Schwab's $1.2M.
Following a criminal investigation, the woman was arrested and charged with theft valued at over $25,000, bank fraud, and illegal transmission of monetary funds.
However, it was later revealed that the charges against her were dismissed by the Jefferson Parish District Attorney's Office.
Despite this, she did face consequences as she was terminated from her job as a 911 dispatcher and was required to complete an 'adult diversion' program.
According to Charles Schwab's lawsuit, they claimed that the defendant (Spadoni) had made it clear that she did not intend to return the funds that were mistakenly transferred to her.
However, detectives and Schwab lawyers were able to recover approximately 75% of the money.
A spokesperson for Charles Schwab expressed gratitude to the authorities for successfully recovering most of the unlawfully acquired assets.
This is not the first time such an incident happened.
A student made headlines when she chose to spend the entire $1 million that was mistakenly transferred to her bank account instead of reporting the error.
Sibongile Mani, a student at Walter Sisulu University (WSU) in South Africa, suddenly discovered a whopping $1 million deposited into her account by accident.
Instead of taking immediate action and notifying the authorities, she made the controversial decision to indulge in extravagant spending.
Before this unexpected windfall, Mani relied on monthly benefits of around $100 to cover her school expenses.
However, after waking up one morning and discovering the massive amount of $760,000 in her account, she saw it as an opportunity for a lavish lifestyle.
She wasted no time and embarked on a shopping spree, purchasing luxurious items such as high-end clothes, the latest iPhone, and expensive bottles of alcohol.
Unfortunately for Mani, her extravagant spending was exposed when she accidentally left a bank receipt at a supermarket.
As the truth came to light, it was revealed through a leaked supermarket receipt that Mani had a remaining balance of $500,000 in her account. She used the money to throw parties for her friends and give them expensive gifts.
In 2017, she was arrested and charged with theft and fraud. Then, she was ordered to five years in jail in 2022.
Her lawyer, Asanda Pakade, Mani's lawyer appealed the decision, stating that she didn't mean to keep the money and wasn't a danger to society.
In a later hearing, two judges temporarily suspended her sentence as long as she promised not to commit any more theft or fraud.
Interestingly, she was not obliged to repay the money she had spent. Mani perceived the unexpected wealth as a divine blessing, considering it a "miracle" and a "gift from God."
