Bank error gives man unlimited ATM withdrawals at Detroit casinos
After 15 days of unlimited ATM withdraws, man faces federal judge for gambling spree at Detroit casinos
DETROIT – ..
Ronald Page, a retired General Motors worker couldn't believe his luck recently.
With only a few hundred dollars in his bank account, Page used the ATM at a Detroit casino and it allowed him to make unlimited withdrawals.
The ATM spit it out whatever amount Page requested and the same thing happened when he made cash withdrawals at the casino window.
Whether it was $10,000, $20,000 or $50,000 the money just kept coming out.
A bank error turned his small account into one that had unlimited access to money.
What would you do if you were Page?
Page continued to make withdrawals and gamble again, and again.
Before Bank of America caught on, Page had withdrawn $312,000 at Greektown Casino, $103,000 at MGM Grand Casino and $514,000 at Motor City Casino.
After 15 days of unlimited withdrawals the bank put a stop on the account, but not before $1.5 million was withdrawn and then gambled away.
Now, a federal judge has to decide what to do with Page.
Should he face probation or jail time?
Prosecutors recommended 15 months in prison because they believe Page had a lapse of judgment and the bank was at fault for allowing this to happen.
Page will face sentencing on June 27th.
Copyright 2012 by ClickOnDetroit.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.