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PrintThe bottomless credit card continued to spit out funds, day after day and at casino after casino. Ronald Page, 56, knew that he only had a couple hundred bucks in his account, but each ATM he visited disagreed, spitting out thousands of dollars at a time.
“Who am I to argue?” Page thought to himself.
So he kept withdrawing funds—$1.5 million over a 15-day period—and he lost all of it at various casinos in downtown Detroit. By the time Bank of America caught the glitch, Page had already made the following withdrawals:
- $103,000 at MGM Grand Casino
- $312,000 at Greektown Casino
- $514,000 at Motor City Casino
Countless other withdrawals were made at ATMs and cashier’s windows all over town. It was a gambler’s dream.
But now it’s over, and Page faces jail time and other penalties. Prosecutors are recommending 15 months in prison, though the bank’s error—which allowed all this to happen—might ultimately be Page’s saving grace.
No word yet on how Page lost his inherited fortune.
Amount lost per hour, assuming no sleep: $4,166.67.
