Man charged after spending money placed in banking account in error

PORT OF SPAIN, Trinidad (CMC) — Police have charged a 31-year-old scaffolder with larceny after he allegedly withdrew nearly one million dollars that had been mistakenly credited to his personal account held at an unnamed financial institution.

In a statement, police said that a system error had resulted in TT$32,347,308.55 being credited in the personal account of the man.

The police said that during the period November 18, 2022 and December 1, 2022, "the owner of the personal account withdrew sums totalling TT$825,000 in cash from various automated banking machines and conducted point-of-sale purchases totalling TT$131,357.70, together totalling $956,857.70".

They said efforts by the financial institution to get a full refund of the money proved futile and a report was made to the fraud squad.

The police said following investigations into the matter, the fraud squad conducted an operation which resulted in the arrest of the male suspect.

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