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Wednesday, January 14, 2009

Couple spent windfall from bank error

A Pennsylvania couple is behind bars after police say they failed to call the bank when a glitch put an extra $175,000 in their account.

Authorities say 50-year-old Randy Pratt and 36-year-old Melissa Pratt instead withdrew the money, quit their jobs and moved to Florida.
They were buying a house in the Orlando area when the mistake was traced.

The two were arraigned Tuesday on theft and other charges and jailed in lieu of $100,000 bail.
A public defender was being assigned.

A $1,772.50 deposit showed up in their FNB Bank account last summer as $177,250.
Police say Melissa Pratt said her husband, a roofing installer, often got large checks and she wasn't aware of any error.

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Now, why is it they are arrested for spending their own money?

A bank error is none of their doing and if the bank said their account had XX dollars in it and they took out XX dollars then the bank is at fault and has to restore the funds out of its profits ... but no that would mean the bank had to follow the same rules as its depositors - and we can't have that now can we?!

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