Detroit man gambles away $1.5 million...

[NDN]

I read this story yesterday and I was amazed at how much he was able to withdraw in a single day.

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.

Given that an ATM can only dispense roughly 50 bills at a time, that would mean that in a best case scenario, he sat at an ATM for at least 72 transactions.

Plus, when you add in the fact that most ATM's have a withdrawal limit lower than the $5,000 he could theoretically withdraw at one time, it's crazy to think of how long he was sitting at the ATM machine.

[iGaming Diva]

If I remember correctly if you are inside the casino the ATM's let you get a withdral AND cash advances up to $5,000 or more. And what if he went to different machines in a few minutes time or something.

My issue is how could the financial institution let this happen? That's probably why the guy didn't get LIFE!

This went on for six months. I know my bank would have caught that the next day.

[nodepositneeded]

I hope he was smart when he discovered the loophole that he went into a casino to do this then hid the money rather than lost it lol.