Australian student spent 2 years splurging on $2 million mistakenly transferred to him by a bank

Australian student spent 2 years splurging on $2 million mistakenly transferred to him by a bank


Luke Moore got 2.1 million dollars from a computer error. In 2010, the guy had a regular bank account, from which he paid his mortgage, health insurance and other bills. Then, after the young man was in a car accident, he started using the services of another bank, which made the mistake of connecting Luke to an unlimited loan that removed all restrictions on the use of money.

This continued for almost 2 years, during which the Australian managed to cash about 2 million dollars. He spent them on cars, bought a personal boat, at auctions bought things he could only dream of: Michael Jordan’s T-shirt, autographed records by Michael Jackson, Kylie Minogue’s autographed photo, Paul Hart’s paintings and Banks’ drawing.

Between July 2010 and August 2012, the Australian withdrew about 2 million Australian dollars from his card. During this time, he managed to move to the Gold Coast near Brisbane, opened a store where he traded in all sorts of interesting things. In his spare time, which he had too much, Luke partied, spent money on prostitutes and drugs. In 2015, he was charged with fraudulent possession of funds. In April of the same year, the Australian was convicted, but instead of the 7 years in prison requested by the court, he was released six months later. Luke became famous also for the fact that he defended himself in court, refusing the help of a free lawyer, whose qualifications did not suit him.

While in custody, he reread a lot of legal literature and found that there are small errors in the Australian legislation. In particular, a customer of a bank where an administrative error has occurred is not required to notify the bank of the error. This rule became the basis on which the defense was built. After confiscation of property and several months in prison, the Australian was released. After his incarceration, he decided to become a lawyer and study law at university.

This case of bank error is by no means isolated. In the same Australia, a 21-year-old student from Malaysia Christine Jiaxin Lee once opened an account in the Australian bank Westpac and unexpectedly received from it 3.3 million U.S. dollars (4, 6 million Australian dollars) For 1 year, a student of one of the engineering faculties of Sydney spent about 1 million on luxury goods, and the rest of the money transferred to other accounts.

The girl was detained at Sydney airport while trying to leave the country. She was accused of misappropriation of money and fraud, but her lawyer argued that Christine had only used the loan that the bank had given her without breaking the law.

Translated with www.DeepL.com/Translator (free version)

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