Couple spends $120,000 a bank put into their account by mistake

WHAT’S BEING CLAIMED:

  • Robert and Tiffany Williams of Montoursville are charged with felony theft after spending the money that was entered into their account by mistake.
  • According to an affidavit, the couple admitted that even though they knew it wasn’t their money, still, they did not inform the bank and went on to spend it.
  • The bank error incident happened on May 31 where a customer’s deposit of $120,000 was entered into a wrong account number.

A couple from Pennsylvania is facing felony theft charges after spending $120,000 the bank accidentally deposited in their account instead of notifying the bank.

The criminal complaint filed in the Lycoming County magisterial district court states that the bank also charged Robert and Tiffany Williams of Montoursville with overdraft fees of about $107,000.

According to an affidavit, Tiffany Williams admitted in an interview with police that they spent the money on an SUV, a camper, two four-wheelers and a car trailer, among other things.

The bank error on May 31 occurred when a deposit of $120,000 made by a client in Georgia was entered by a BB&T Bank teller into a wrong account number. The funds were discovered to have gone into the Williams’ joint account only after the customer called the bank regarding the missing deposit, the affidavit added.

In a statement to CNN, BB&T spokesman, Brian Davis, said: “While we can’t comment on the specifics of this issue due to client privacy practices, we always work as quickly as possible to address any issue that affects our clients.”

After contacting the couple several times, the bank managed to speak to Tiffany Williams on June 21. Tiffany Williams told investigators, according to the affidavit, that the money is already gone because it went to bills, car repairs, including $15,000 given to ‘friends in need’.

Although Tiffany Williams told the bank she would come up with a repayment agreement for the money owed, the bank lost touch with the couple after that June 21 phone conversation, according to the affidavit. The couple also told investigators they knew the money didn’t belong to them, the affidavit stated.

When the couple made their first appearance in court on Monday, Robert Williams told CNN affiliate WNEP, “All I’m going to say is we took some bad legal advice from some people and it probably wasn’t the best thing in the end.”

Nate Weaver, the couple’s neighbor, told WNEP that the allegations are ‘kind of shocking’, adding that ‘there’s no way anybody gets away with that’ given the procedures banks set up that includes checking and rechecking.

The couple has been released on $25,000 bail, says WNEP reports.

 

Source: CNN

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