Ronald Page I am sure was amazed when Bank of America unintentionally changed his account status, allowing the 55-year-old man to make unlimited ATM cash overdraft withdrawals. He used the accidental loophole to withdraw more than $1.5 million THEN lost it all on gambling.
The day the Bank of America glitch went into effect, Page reportedly withdrew $312,000 from ATMs at the Greektown Casino in Detroit and an additional $51,727 from the MGM Grand Casino. It took Bank of America 17 days to figure out what was going on, and put a hold on the account.
Prosecuters said the crime was a lapse in judgement gave him a 15-month sentence and order to repay the funds, the U.S. Attorney's Office has suggested that Page be prohibited from gambling in any capacity.