Wednesday, 14 December 2016

Broke man Luke Brett Moore, spends $2million on cocaine, fast cars and strippers after he noticed that bank accidentally allowed unlimited overdraft on his account

An unemployed man who discovered his bank had accidentally allowed him an unlimited overdraft has won an appeal against his jail conviction.

Luke Brett Moore, 27, opened an account called 'Complete Freedom' with St George Bank in 2010 - and it gave him just that.Due to a technical glitch, the bank placed no limit on the amount he could be overdrawn.

Luke decided not to tell the bank and made 50 transactions over the next years to a total of almost $2million .Initially, he used it to pay his mortgage and general bills.
But then Luke realised he was able to make transfers of as much as $50,000 at a time.He bought a Hyundai Veloster and then drove from his home in Goulburn, New South Wales, to Sydney to pick up a $36,000 Maserati.

He then moved out to the Gold Coast, attempted to set up a business but spent much of his time partying.
Luke told the BBC:

 "It was a crazy time for me.""I was a young and foolish 22-year-old and I wasn't thinking particularly clearly.
"I was just doing what most young guys do when they're that age and they've got a bucket load of cash - just having fun and partying.
"I went to strip clubs and spent hundreds of thousands of dollars on girls, alcohol, cocaine and whatever else."
He was sentenced to four-and-a-half years in jail.Luke spent six months behind bars but has now successfully had his conviction overturned.
A Court of Appeal agreed that he had no legal obligation to inform St George Bank of what was happening.

Culled from Daily Mirror

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