Teen spends $25,000 after accidently getting $31,000 put into account **now updated**
HULL, Ga. — A Georgia teenager got a nice surprise in his bank account earlier this month — to the tune of $31,000. The teen then started wildly spending the money, but after discovering the mistake, the bank wants its money back, the Athens Banner-Herald reported.
The error happened March 7 when a man went to make a $31,000 deposit at First Citizens Bank in Hull. But with several people by the same name with accounts at the bank, the teller put the money into the wrong account.
Ten days later, the man who made the deposit inquired about the missing money from his account, and that’s when the error was discovered, sheriff’s deputies said.
But not before the 18-year-old man who was the beneficiary of the money had taken out $20,000 in cash and spent another $5,000 on an ATM card.
The teen tried to get more money on March 18 but was told of the mistake and to return the money, but he claimed the money came from an inheritance.
After being confronted by a sheriff’s deputy and told to return the money, the man said he would go to the bank and settle matters, but he has yet to do so. Bank officials say they will prosecute if the man does not return the money.
Update thanks to BonnieRay, she posted an update to the story found here http://www.nydailynews.com/news/national/teen-spent-31k-mistakenly-deposited-account-arrested-article-1.1738537
Apparently "finders keepers, losers weepers" didn't apply.
A Georgia teen accused of spending roughly $25,000 that a bank mistakenly deposited into his account has been arrested for theft, according to authorities.
The 18-year-old Steven Fields of Hull turned himself in Friday after failing to repay the entire $31,000 that materialized in his First Citizen Bank account on March 7.
In just the first 10 days of Fields' badly misjudged windfall, 80% of it was gone, according to a Madison County incident report.
Exactly $20,000 had been withdrawn in cash and $5,000 spent using his ATM card, authorities reported.
The money was reportedly spent at a car dealership, various stores and a fast-food restaurant.
It wasn't until Fields waltzed back into the bank on March 18 allegedly looking to make another withdraw that reality caught up to him.
A First Citizen Bank employee told deputies that they discovered their mistake on March 17 when the actual owner of the money, who has the same name as Fields, called asking where his money was.
Fields was confronted by the bank about the money but insisted that it was given to him by an inheritance from his grandmother's estate, according to the incident report.
When confronted by a deputy at his home, he repeated his claim but promised that he would speak with the bank to avoid possible charges. Deputies said he did not deliver on that promise.
He's charged with theft by taking, a felony charge.
According to law, Fields can be found guilty of the theft, "regardless of the manner in which the property is taken or appropriated."
Steven Fields via Facebook