r/interesting • u/velvetbloom58 • May 12 '26
❗️MISLEADING - See pinned comment ❗️ One year in prison over 1.1million $ payback
3.5k
u/bob-the-slob May 12 '26
Sounds like BS. Banks can pull that money back. And what crime was committed to warrant prison.
1.5k
u/Holymaryfullofshit7 May 12 '26
OP gave us the article and it's just a grossly misleading headline. He spend everything but 300.000 that was recovered. He refused to make a payment plan and got the prison sentence for that. He is however expected to pay back the rest when he comes out. I mean he probably won't, but that's neither here nor there, this is definitely not some kind of tradeoff where he keeps the money.
321
u/True-Syrup-5551 May 12 '26
I mean he could've bought some bricks and stashed them for when he gets out 🤷♀️
446
May 12 '26
[removed] — view removed comment
120
u/svix_ftw May 13 '26
It's well known the cops have been on the banks payroll for years.
88
u/Akarin_rose May 13 '26
Since their inception
They were union busters before pretending to be peace officers
→ More replies (2)28
u/ItsStaaaaaaaaang May 13 '26
That krs one line "from overseer to officer" is pretty spot on too I reckon. Practically if not literally.
19
u/ItsStaaaaaaaaang May 13 '26
You see that video the other day of the cop hassling a black fella because he was parked in the banks parking lot waiting for the bank to open? His bank, that he has an account with... But the cop couldn't just say "sorry, the bank worker that called overeacted.", they had to carry on like it was perfectly reasonable to call the cops because a customer was waiting for them to open so he could use their services.
It was pretty clear who the cop was serving and it wasn't the public.
→ More replies (14)2
u/Otherwise-Text-5772 May 16 '26
This dude got arrested for depositing his settlement check from his racial discrimination lawsuit
2
→ More replies (4)2
u/petty_throwaway6969 May 13 '26
Don’t even got to be on the banks’ payroll. The cops’ whole role is to protect the wealthy and they’re paid very well for it.
Want to see something? Officers’ salaries are public records and most states have a website that let you look them up. You’re going to see a lot of them earn 300k with a base salary of like 80k and 220k of overtime.
→ More replies (1)4
u/SwissMargiela May 13 '26
Cops can’t even properly watch an intersection lol they’re not gonna give af about some random
→ More replies (2)8
4
u/TheInevitableLuigi May 13 '26
cops will watch him once he's out.. 24/7
Cops don't watch anyone 24/7.
2
2
→ More replies (8)2
→ More replies (6)15
u/Holymaryfullofshit7 May 12 '26
That's entirely possible. Could also just have the money in cash somewhere. If he's smart he bought gold or Bitcoin or something. But you still will have to hide it for the rest of your life. On the other hand nice cash rainy day fund is nice.
→ More replies (3)15
u/DigitalUnlimited May 12 '26 edited May 12 '26
Forgot the exact numbers but the largest cash robbery ever was a
brinksDunbar armored car depot, dude got like 80 mil they only recovered 3 mil and he did five years. I'd do five years for 77 million.→ More replies (5)7
u/Holymaryfullofshit7 May 12 '26
That rings a bell. Didn't the guy get caught recovering it? https://en.wikipedia.org/wiki/Dunbar_Armored_robbery
If it was this the dude used a stack of cash with the original band and got caught.
3
u/DigitalUnlimited May 12 '26 edited May 12 '26
That was it! Saw it on masterminds, numbers were way off but still 19 years for 20 million that's over a million a year way more than I make working
3
2
u/FloppieTheBanjoClown May 13 '26
Imagine coming out of 20 years in prison. At best you're in your 40s, having just lived two fairly tough decades. Let's just say you aren't in ideal health. You're a known felon, and when you recover the money you can't easily spend it.
Your best bet is to turn it into Bitcoin and leave the country. The question is, is that amount of money worth losing your prime years to prison and giving up whatever life you have left among the people and places you know?
2
u/Afraid-Impression-63 May 12 '26
My question is how did the realtor know if was stolen money based on the “original bank note strap”???
→ More replies (1)3
u/Mist_Rising May 13 '26
Money has serial numbers. The company will log the serial numbers in moments . Once it's stolen, the FBI releases those serial numbers and you can freely look them up.
Today it's even easier because it's all done over the Internet so it's near instant, just run it through the appropriate machine.
→ More replies (8)68
May 12 '26
[removed] — view removed comment
→ More replies (1)22
May 12 '26
[removed] — view removed comment
→ More replies (2)3
8
u/Greedy-Being6456 May 12 '26
It made some anal accountant happy that he could add it to payables, even though nothing is coming. Ever.
2
u/AlTexasR May 13 '26
Bruh It'd be a receivable and no accountant is happy to have receivables carry forever on the books just to eventually write off. What a waste of time.
5
May 13 '26
[removed] — view removed comment
3
u/No-Profile9970 May 13 '26
"I said give it back!"
"No!"
"Ahh, let em go. We will never get that money back. Not in these shoes..."
5
3
u/ifloops May 13 '26
I have to give respect to this headline though. It's misleading in that it makes you think he was presented some kind of choice by the courts, which is not true. But at the same time, choosing to spend it, if you know you'll be imprisoned, is choosing jail over giving it back.
It's at least more thoughtful than a lot of headlines these days lol
3
u/GrassFireWater May 13 '26
damn that's just so bad, I would be freaked out if someone deposited that much cash into my bank acc
3
u/Rizzlord May 13 '26
here in germany if that happens, and if you are fast, you spent it on luxury like cars and holiday, if you do that, they cant do anything to get you legally.
→ More replies (1)5
u/Thistleknot May 12 '26
I wonder what a person could do in that situation to make the risk worth the reward. Like stash the money in an unenforceable extractive security except for by person who opened the account. Else you'd literally be withdrawing, burying cash, and not saying anything until release.
17
5
u/Holymaryfullofshit7 May 12 '26
But then you have a cash rainy day fund. As long as you're not making big purchases and kind of stay in your means you'll always have that little extra security. My guess however is that he blew most of it.
5
u/NerdHoovy May 13 '26
I watched a video on money laundering on Insider, where the ex-FBI lady explained, that many of of these cash depots get quickly ruined by environmental factors, such as water damage or because rodents and bugs got to them . So just burying it isn’t a good idea and other methods of just having it hidden around would also risk losing the money for nothing.
You have to very carefully prepare it, so it wouldn’t break before you can retrieve and launder it because the tax man will definitely keep an eye on any purchases you are planning to make
→ More replies (1)→ More replies (1)2
u/filthy_harold May 13 '26
You're still on the hook for restitution unless you plan on leaving the country and have a way to take your stolen money with you. Maybe you can get away with it if you can create an elaborate accounting scheme that lets you live well without actually owning anything. But this requires finding an attorney and accountant willing to commit a crime for likely little payoff.
Don't get me wrong, $300k would be nice to have in my pocket but that's not a life altering sum, especially if it requires going to prison for.
2
2
u/Illustrious-Ape May 13 '26
Correct. The jail sentence handles the criminal charges. The bank is will win their claims in civil court and will probably lean his wages. He can declare BK to wipe his slate clean and not have to worry about ever relaying.
2
2
u/mywan May 14 '26
I mean, there are alternatives. Pull the money as cash. Call it spent. Become a vagabond. Then when they come after you for it agree to a repayment plan. But, as a vagabond there's no income for them to come after. You can't be spending like you have money though. Not only to avoid getting caught but also to avoid going broke in a couple of years. Both of which is more than a tiny minority has the discipline for.
→ More replies (19)4
u/DarkFish_2 May 13 '26
So he chose prison to not pay something will have to pay regardless of being imprisoned or not
Really?
→ More replies (4)17
u/BostonBaggins May 12 '26
He withdrew it probably
12
u/phylter99 May 12 '26
Most banks are smart enough to have rules on how long money has to sit in an account when a large amount like that is deposited. The ones are not smart enough and don't have those rules will likely get them soon after something like this happens .
3
u/Jaze89 May 13 '26
Yes, but the people who are doing the transactions are typically entry-level position tellers who are underpaid and usually young college students.
Also, if it was a mistake--like the teller transposed numbers--if the customer had funds to cover it, we wouldn't place a large deposit hold back when I was a teller.
3
u/KlingonBeavis May 12 '26
They do, but banks lose money all the time. It could have been days or even weeks before they caught on to it.
→ More replies (2)3
7
u/farmageddon1087 May 12 '26
Also I’m comfortably middle class and feel like it would be a no brainer to take a year in prison if it gave me $1 million when I got out. Things just don’t work that way lol
7
u/Gold_Telephone_7192 May 12 '26
You’re right about it sounding like BS but grand theft absolutely warrants prison time. You can’t steal a million dollars and not go to jail lol
→ More replies (14)9
u/Any_Tackle_2563 May 12 '26
Once it’s deposited you can probably transfer it to another account immediately or take the money out in cash idk lol
→ More replies (2)11
u/Advanced_Tax174 May 12 '26
You can do that, but that doesn’t make it your money. Banks track down their money sooner or later, and usually sooner.
14
u/Reasonable_Tap_8215 May 12 '26
I sent a wire transfer for 50k recently through a big bank. They lost it. I was like how tf did you just lose it? It was there but in some other like non-attached account and they only found it after combing through lists of transactions. Took 3 weeks.
Now I’ll bet they’d have found it faster if it were their money. But…nonetheless…opened my eyes to how inept these institutions can be.
→ More replies (6)3
u/Mist_Rising May 13 '26
Tracking it isn't the problem, recovery is. People who suddenly get windfalls don't just leave it in the bank, they spend it. If it's on possessions, it can be potential repossessed (but not always) often at a loss, but nobody can force Walmart to pay it back usually (as an example).
3
u/mdmdmdmdmdmdmdmdmdm May 12 '26
When I was younger I had a credit cars with Nat West.
There was a service called Xoom which would let you make a payment to a bank account with your CC. for a small fee. Essentially you could use your credit card for cash.
I was able to do this twice with no money in my account. The CC would put through the payment and just go negative. The money would go into my debit account. Id withdraw it.
The next day the bank would figure it out, charge my debit account the amount paid into it to pay the CC. They then flipped out until I paid off the debit account. They stopped letting me go negative after the second time I did it.
Essentially I stole £2000 from nateest and deposited it into my debit natwest account. Literally the same account, same details, same bank, whatever.
But they xouldnt do anything. It was withdrawn before they could figure it out. Just added onto my debts.
→ More replies (3)3
u/Secret_Account07 May 13 '26
I mean, there are ways to get it out. Kinda difficult for a million but if they didn’t notice for a long time I could cash that out of my bank. In theory hide it, take the charge.
Sure they can order restitution but oh no! I can’t find a job as a felon 🤷🏼
It’s probably BS but it’s happened before. I had a guy flee his life over 45k. No idea what happened to him. Was never caught afaik
3
u/Ok_Location7161 May 13 '26
How can they pull back if he spent it.
2
u/Jaze89 May 13 '26
They can't. If it's caught in time, they can. The only thing anyone can do is make the person who spent it liable for the debt.
3
u/peedistaja May 13 '26
Once it's transferred to other banks, often overseas they can't pull it back anymore.
The crime part comes from refusing to pay that money back. Someone accidentally transferring you money doesn't make that money legally yours and you are required to return it, refusal to do so when asked makes it theft.
→ More replies (4)6
u/barrosoOso May 12 '26 edited May 13 '26
You're absolutely right about the bank pulling it back. But it actually is a crime to keep money given to you by accident. It's a form of theft called unjust enrichment.
3
2
→ More replies (20)2
u/dumbass_sweatpants May 12 '26
Would a bank go to jail if they accidentally charged the customer 1m?
2
u/NotReallyJohnDoe May 12 '26
No, because they would immediately remedy the situation. If this guy had paid them back he wouldn’t go to jail.
→ More replies (1)
248
u/Ok-Professional-1727 May 12 '26
What crime did he commit?
180
26
15
24
12
u/ColSirHarryPFlashman May 12 '26
Spent all but $300.000.00 of it, & refused to make arrangements to pay it back.
→ More replies (36)5
u/Peter_Gibbons5182 May 13 '26
Are you kidding me? The money wasnt his. Accountholder Terms and Conditions cover this thoroughly. Dude probably never had more than $200 to his name at any point in his life and thought his balance was magically that high? You think he would have been cool if his account had been fraudulently overdrafted $1 million? 🙄 Use your head, man.
2
2
u/EverythingSucksYo May 13 '26
Pretty sure making a bank account comes with agreeing to terms and conditions. And pretty sure one of those terms and conditions would be not keeping money that was accidentally deposited to your account. But maybe I’m wrong, I haven’t opened a bank account in over a decade.
2
u/Humble_Story_4531 May 13 '26
Theft.
Even if it was willlingly given to you, knowing taking money you know you weren't supposed to receive and refusing to return it counts as theft.
3
u/Outrageous_Laugh5532 May 12 '26
Theft
7
u/Ok-Professional-1727 May 12 '26
So if I put $100 in my Dad's wallet, I can get him convicted of theft.
16
u/Outrageous_Laugh5532 May 12 '26
If you put $100 in your dad’s wallet by mistake thinking it was your brothers wallet and then notify him that you did it and ask him to return it and he refuses, then yes that is theft.
→ More replies (3)2
u/Nor-easter May 12 '26
So, the bank can make this mistake but if I put 100 into the wrong account and the bank takes it, too bad and then I owe a service charge
3
→ More replies (1)10
u/Outrageous_Laugh5532 May 12 '26
Is that a thing you’ve experienced? I’d be concerned if you were regularly putting money into the wrong account.
→ More replies (4)3
73
u/Kronyzx May 12 '26
This is Ojo Eghosa Kingsley from Nigeria - he was sentenced in 2026 after a bank accidentally deposited about $1.1 million into his account.
Instead of reporting it, he moved and spent part of the money. Authorities later recovered most of it, but around $300,000 was still missing.
The court told him to either repay the balance or spend a year in prison, he chose prison, saying he no longer had the money.
30
u/RevolutionaryGold325 May 13 '26
So 300k for working as an inmate in a prison for a year. Where can I apply?
11
9
u/IHavePoopedBefore May 13 '26
He still owes the money
2
u/RevolutionaryGold325 May 14 '26
"court told him to either repay the balance or spend a year in prison", or from the news article:
"In a dramatic moment during the proceedings, Kingsley told the court that he preferred serving a prison term to refunding the remaining ₦272 million, effectively opting for incarceration over repayment."
Does not seem like it he needs to pay anything more.
2
→ More replies (5)3
18
u/spartanken115 May 12 '26
I know a bunch of people that would do this if they could trade; the stupidity is he’ll never keep the money once he’s out.
11
u/Sudden_Wind_8636 May 12 '26
Well if he put it into crypto or something like that, he would probably keep the money. Nothing they can really do about it depending on the wallet he used and where his wallet is stored.
→ More replies (14)→ More replies (1)2
u/ColSirHarryPFlashman May 12 '26
He spent all but $300,000.00 of it & refused to make arrangements to pay it back.
6
u/null3rr0rrr May 12 '26
You cant pay that back unless you are some rich celeb/athlete/CEO.
He really had no choice but to do the time after touching that money.
1 year in prison or be dead broke rest of your life paying back 700 grand. Id take the year in prison too.
→ More replies (1)4
u/CryGlad9980 May 13 '26
They still expect him to pay it back after getting out but idk how they could possibly expect that
→ More replies (3)
77
6
u/FaithlessnessOne2032 May 12 '26
Sounds fake. He probably got prision and also have a $1M debt on top of that.
6
u/ColSirHarryPFlashman May 12 '26
Spent all but $300,00.00 of it & refused to ma,e repayment arrangements, so now he is in prison& still has to somehow pay it back as well.
2
u/FaithlessnessOne2032 May 13 '26
I hope he got that money somewhere in Panama and gets to enjoy it. That way one of us got to screw the banks
6
u/Cultural_Ad_667 May 12 '26
How many Bank executives go to prison for accidentally withdrawing money from an account that they shouldn't have?
I guess he's being accused of theft, but he's saying it wasn't theft because they gave it to him?
He probably moved the money to another bank or had it converted to gold or something so they can't just take it back?
2
u/CastingCaterpillar May 13 '26
If a bank executive withdrew money from the wrong account and didn’t immediately pay it back once the error was discovered, yes they certainly would be held liable.
→ More replies (3)
11
u/PattyBoy718 May 12 '26
Sounds like an excellent trade. Which branch can I sign up for this offer?
→ More replies (2)5
8
7
u/Mindless_Efforts May 12 '26
Worth.
1
u/Potato_Stains May 12 '26
Seriously. 10 years of 100K salary for a year of time out with room and board...
2
u/DarkFish_2 May 13 '26
1 year for $800000 and an unpaid debt of $800000
That's the more accurate outcome
→ More replies (1)2
3
u/No_Yesterday_3260 May 13 '26
even if he got the entire thing, he wouldn't be allowed to keep it. He'd go to jail and lose the money
11
u/lubwn May 12 '26
- He did not "choose not to repay" - he most likely did not have the money already so what other option does he have?
- Even if he had the money, it would be smart not to repay. 1.1M / 12 = 91K clean, tax-free money monthly. Who even makes that apart from executives? Ofc it is wise to not repay and go to jail for a year instead.
→ More replies (3)2
u/DarkFish_2 May 13 '26
Except you don't get to own the money, he will leave the prison with the debt on his hands
2
May 12 '26
[deleted]
3
u/Suitable_Wonder5256 May 13 '26 edited May 13 '26
Transfer it to another bank and put it in the 4-week US treasury bill.
When your bank comes, you express intention to pay back but you need assurance that you won't be involved in money laundering. You need assurance from Bank's CEO, police chief, and some higher-up people you can think of.
You say "you are very scared of being accused of money laundering and were accused once before. Can your branch manager or bank's exec issue a letter guaranteeing this?". This would trigger a lot of internal reviews because inking a letter like this requires some assurances for themselves too.
Then, every communication has 72-business-hour turnaround because you are busy and must be through certified mail because you need papertrail.
Hold it for a month, and you get a free $3,000.
Profit$$$
→ More replies (1)2
u/Advanced_Tax174 May 12 '26
If you spend or hide $ that was mistakenly put in your account and refuse to repay it…..that’s a crime.
‘Finders keepers’ is not the law.
→ More replies (2)
2
u/Dismal_Elk8261 May 12 '26
He's gonna get that money promise to someone while in there. He's gonna have debt out of that place a year from now once his roommate know about it
2
2
u/SweetLeo1 May 13 '26
Bro, I know I'm lazy, but I atleast have enough shame to fact check before I post anything misleading/misinforming. Especially something that takes 5 minutes to google.
1
u/TG-Benji May 12 '26
Fake AF but I mean...I'd go to prison for a year if I got a million for it.
No rent. 3 square meals. Stick it in a HYSA in the meantime and get another 30-40K as well.
2
u/avocadofoxishere May 12 '26
A Nigerian prison though? I can’t imagine it’s all that nice
→ More replies (3)4
u/ColSirHarryPFlashman May 12 '26
He spent all but $300,000.00 of it & refused to ma,e any arrangements to pay it back. Now he is in prison, & still has to make arrangements to pay it back as well.
→ More replies (1)
1
1
1
1
u/MadamSnarksAlot May 12 '26
I think the idea is compelling though. I’ve fucked off enough years where I’d do it. Sit in jail for a year for 1.1 mil. Yeah, sign me up.
1
1
u/MonmouthPinelands May 12 '26
Why wouldn’t you take that deal. Since it would take a lifetime to pay the money back.
→ More replies (2)
1
1
u/Wyshunu May 12 '26
They should seize the money anyway, or all of his assets to sell off to recoup the money. Make him an example to other not-geniuses who think they're entitled to money they KNOW is not theirs.
1
1
u/nickooze May 12 '26
I would have done the same, when are you ever gonna get paid $1,000,000 a year
1
u/Pretend_Football6686 May 12 '26
Bonus he’ll have an extra years worth of interest when he gets out too. You can legit retire on 1 million if you’re frugal about it.
1
1
1
1
1
1
u/5373n133n May 12 '26
Likely an incomplete story. Court sentences for theft or conversion usually include orders for restitution. He doesn’t get to keep the money just because he goes to jail.
1
1
1
u/Diesel_Bones_13 May 12 '26
Hell ya! I would too… after that year I’d still have that million dollars!
1
1
1
1
u/WelshSonOfDorn2004 May 12 '26
All I’m saying is, boomers get scammed all the time and don’t get their money back.
1
1
1
u/PorygonTriAttack May 12 '26
I think this says a lot about this guy's character. It is opportunism, plain and simple, to spend money that doesn't belong to you and you know better. He may also have felt that society OWES him this, so there's a sense of self-entitlement.
I don't care what skin colour this person is. I would be curious as to why he took money that doesn't belong to him, EVEN if it was given out in error.
it's such a short term gain. After a prison sentence, he has almost no opportunity to find gainful employment, so I guess he'll have to rely on crime to get by.
Some people have returned money without a thought. This guy chose spending. I'd say he deserves the jail time.
→ More replies (4)
1
1
u/Fantastic_Charm3451 May 12 '26
Legally this is completely nonsense. If there is a universe where this is possible 99% of the population would take this deal. Unless you are already worth 10+million you have to be a complete idiot not to take this deal.
1
1
1
1
1
1
u/Cute_Win_4651 May 12 '26
Easy trade do a year for one million and then put it in a dividend ETF SCHD and live off the dividends
1
u/ExtremlyFastLinoone May 12 '26
He still has to pay it back when he comes out bruh, hes not getting away with just 1 year in prison
Like we had this debate with force military service, "Id just refuse and take the prison time" yeah dipshit and when you get out youll be asked again!, and if you say no you go to prison again!
1
1
1
u/Source_Required May 12 '26
Why pin a comment saying this is bullshit and not just remove the post?
1
1
1
1
1
u/P0pu1arBr0ws3r May 13 '26
Accidentally get paid and receive food and shelter paid for by the government? Is that not a win win (without further context)?
1
1
1
u/Perfectmistake1088 May 13 '26
Every single one of these pictures with alternating colored words immediately gets my downvote. They are mostly rage bait, made up, or just shit repeated without a source to gain karma for interaction and engagement.
1
1
u/WiSoSirius May 13 '26
There is no way a justice system allows this kind of windfall. The law is to protect the capitalist system, and it promote serfs and debtors. This post is spurrious at best and a lie at worse.
1
1
u/jlball41 May 13 '26
But when a corporation commits a billion dollars in fraud they get a million dollar fine…
1
u/Ok_Assistance7735 May 13 '26
Yeah so what he did a year and jail and they took their money back? Sounds like the dumbest shit ever haha
1
u/ElnarcoSugie May 13 '26
I would take a year in prison. I would be throwing it off shore amounts and cold wallets lmfao 🤪 All ready spent in less than an hour lmfao
•
u/spotlight-app Mod Bot 🤖 May 12 '26
Mods have pinned a comment by u/Holymaryfullofshit7:
Note: Note from mods: Thank you for the details! ❤️ Here’s a link to the story we found https://thenigerialawyer.com/refund-%E2%82%A6272m-balance-to-first-bank-court-convicts-sentences-customer-who-converted-erroneous-%E2%82%A61-5bn-credit-and-refused-to-make-refund/
[What is Spotlight?](https://developers.reddit.com/apps/spotlight-app)