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Billionaire's New Found Wealth Brings Grief

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Billionaire's New Found Wealth Brings Grief

Business

Billionaire's New Found Wealth Brings Grief

Billionaire's New Found Wealth Brings Grief

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Otelo Vizcaino of Orlando, Fla., checked his bank balance last week and discovered he was a billionaire. But the accidental billionaire was not pleased with his new-found wealth. That's because the enormous sum raised the alarm at the SunTrust Bank and his account was frozen.

RENEE MONTAGNE, host:

It wasn't a game for Otelo Vizcaino of Orlando, Florida when he checked his bank account balance last week and saw he was a billionaire, minus a penny.

Our last word in business today is billion-dollar blunder.

DAVID GREENE, host:

The accidental billionaire who, get this, just happens to work for the owners of "Ripley's Believe It or Not" museums, was not exactly pleased with his new-found wealth. That's because the enormous sum raised the alarms at the SunTrust Bank, which blamed the billion-dollar balance on an internal computer error and then it promptly froze his assets.

MONTAGNE: Vizcaino and his wife had to scramble to find cash to pay their bills, bills that were scheduled to be automatically withdrawn from their account. He told the Orlando Sentinel: I was a billionaire for a minute, and I have nothing to show for it but grief.

And that's the business news from MORNING EDITION, on NPR News. I'm Renee Montagne.

GREENE: And I'm David Greene.

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