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$5 Million Deposited in Wrong Account

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$5 Million Deposited in Wrong Account

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$5 Million Deposited in Wrong Account

$5 Million Deposited in Wrong Account

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A New York man discovered $5 million in his account. He says told bank officials the money wasn't his, but to no avail. Only after he withdrew $2 million did the bank realize it confused him with another customer. Now he's accused of grand larceny.

STEVE INSKEEP, host: Good Morning, I'm Steve Inskeep. Commerce Bank dubbed itself America's most convenient bank, but it was to convenient for Benjamin Lovell(sp). The New York man discovered $5 million in his account. He says, he tried to tell bank officials the money wasn't his, but they disagreed. Only after he withdrew $2 million, made bad investments, did the bank catch its mistake. It had confused him with a richer depositor of the same name. And now he's accused of grand larceny. You're listening to morning edition.

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