A woman who wrongly received KSh128 million in her banks accounts -instead of KSh8,817- has been arrested by police.
Kelyn Spadoni from the U.S state of Louisiana bought a house and a brand new 2021 Hyundai Genesis sports utility car.
Thanks to a software glitch, Spadoni received the windfall from her brokerage firm Charles Schwab last February. Rather than reporting this anomaly, Spadoni, who worked as an emergency services dispatcher, went on a spending spree.
“The company said it meant to transfer $82.56 (KSh8,817) into Spadoni’s account with Fidelity Brokerage Services. Instead, they ended up transferring $1,205,619 (KSh128.7m),” reports the Guardian.
The brokerage firm filed a criminal complaint against Spadoni who was arrested last February. She is facing charges “for theft greater than $25,000 (Ksh2.7m), bank fraud and illegal transmission of monetary funds.”
According to the brokerage firm, the woman had signed a contract that says clients must return an overpayment of funds in full. Spadoni is said to have ignored multiple calls, texts and emails requesting return of the money.
The woman is currently out on a $150,000 (KSh16m) bond. She has also been fired from her job as a dispatcher.
Embu Man Built House
While accidental bank transfers are rare, they happen. ‘The Guardian’ mentions a 2015 case in which a teenager from Georgia was sentenced to 10 years probation after spending part of $30,000 (KSh3.2m) mistakenly wired into his account on a BMW.
In July, 2020, man in Embu was arrested after allegedly spending KSh800,000 which had been deposited into his Family Bank-Embu Branch account by mistake. Appearing before Chief Magistrate Maxwell Gicheru, Morris Murangiri confessed to using the money in building a house.
He pleaded guilty to the crime and applied to be allowed to pay the money back in installments from his salary.